In an exclusive interview with the Asahi Shimbun, BOJ Policy Board member Sato Ayano (佐藤綾野) said the timing of rate hikes should be assessed within a range that would not damage the economy, and that rates should be raised gradually without abruptly changing the degree of monetary easing.
In an exclusive interview, BOJ Policy Board member Sato Ayano (佐藤綾野) said the timing of rate hikes that would not undermine the economy should be determined based on a range of data. She indicated that additional rate hikes should be avoided because they could weaken the economy, and said that current financial conditions were accommodative before adding that the policy rate should be raised gradually without abruptly changing the degree of easing.
After serving as a professor at Aoyama Gakuin University and holding other positions, Sato was appointed to the BOJ Policy Board in June this year. She was reportedly the first Policy Board member appointed under the Takaichi administration and is often viewed by the market as a reflationist, but her latest comments have drawn attention to her stance during the current rate-hike cycle.
The article also stated that it was a paid article and that the remainder was available to members.