With the Bank of Japan's meeting to decide its monetary policy for the time being scheduled for next week, Policy Board member Masu (増) reiterated that interest rates need to continue rising to achieve price stability. Masu also discussed the importance of establishing a framework capable of implementing flexible measures.
Ahead of the Bank of Japan's next monetary policy meeting next week, one of its Policy Board members reiterated the need to continue raising interest rates. The member said that further appropriate rate hikes will be necessary to achieve price stability.
The member expressed the view that, with regard to monetary policy, it is important to have “a framework in place that allows flexible measures to be implemented,” calling for a flexible response based on economic and price trends.
The article does not provide specific figures or an outlook for the timing, but the comments reiterate the policy of continuing to raise interest rates. Market participants are likely to keep a close watch on the announcements from upcoming meetings.