“A flexible response is necessary”: BOJ Policy Board member Takata signals openness to an early rate hike (TV Asahi network (ANN))

BOJ Policy Board member Takata (高田) indicated a willingness to raise interest rates at an early stage at a press conference in Sapporo. The comments suggested the need to respond flexibly to new circumstances.

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The story

BOJ Policy Board member Takata (高田) held a press conference in Sapporo and indicated a willingness to raise interest rates at an early stage.

Takata said the BOJ needs to respond flexibly to new circumstances, rather than operate within a framework of actions twice a year.

At a glance

SpeakerBOJ Policy Board member Takata (高田) is open to an early rate hike

Location of press conferenceA press conference held in Sapporo

Stance on an early rate hikeIndicated a willingness to raise interest rates at an early stage

View on timingSaid the BOJ should respond to new circumstances without being bound by a framework of twice-yearly action

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