Several views favouring continued rate hikes at a faster pace were expressed at the Bank of Japan's September meeting, according to reports based on the minutes of the monetary policy meeting held on 17–18 September.
The Bank of Japan decided to raise interest rates at its September monetary policy meeting, and the minutes record several views that contemplated continuing rate hikes at a faster pace. Specifically, several members reportedly indicated that, in light of the economic and price outlook, the pace of rate increases should be accelerated.
Some members reportedly said that, while monitoring future price trends and economic indicators, the Bank should proceed with rate hikes at a faster pace within the framework of its current policy of adjusting monetary easing. The report is based on the contents of the meeting minutes and does not provide specific figures or details of additional policy decisions.