Bank of Japan Deputy Governor Himino Ryozo (氷見野良三) said on the 27th that there had been no advance notice of a September rate hike, while expressing caution over upside risks to inflation. Regarding future policy management, he said, "We would like to discuss it at every Monetary Policy Meeting."
Bank of Japan Deputy Governor Himino Ryozo (氷見野良三) gave a speech at a financial and economic meeting in Saitama Prefecture, and was reported to have said that there had been no advance notice of a September rate hike. Regarding future policy management, he indicated a policy of continuing discussions at each meeting.
He nevertheless stressed caution over upside risks to inflation, again suggesting the need for continued rate hikes. Market attention is focused on an accelerated pace of rate hikes and a higher terminal rate.
The remarks represent only part of the summary of the press conference and do not establish detailed forecasts or specific figures for the timing. Attention will be focused on future disclosures and the course of discussions at upcoming meetings.