Bank of Japan Policy Board member Asada Toichiro (浅田統一郎) said the pace of additional rate hikes should be assessed cautiously. He made the comments at a news conference in Nagasaki, indicating that he opposed the previous rate hike.
Bank of Japan Policy Board member Asada Toichiro (浅田統一郎) said on the 12th that caution was needed regarding an acceleration in the pace of rate hikes. He referred to the risk that additional rate hikes could cool the economy.
At a news conference held after a meeting on financial and economic matters in Nagasaki, he said that private consumption had “lacked momentum” recently.
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