The BOJ has indicated that it could accelerate the pace of rate hikes, while stating that it may consider additional hikes if monetary tightening is insufficient to curb price increases.
At the press conference following the monetary policy meeting, BOJ Governor Ueda (植田) identified curbing price increases as a priority and hinted at the possibility of accelerating the pace of rate hikes if the current level of tightening proves insufficient.
Governor Ueda (植田) said he was wary of the outlook for price trends and that decisions on further tightening would depend on upcoming economic data, maintaining a cautious stance.
The press conference was held at the BOJ's head office. Together with the explanation following the policy meeting, it offered the market clues about the future course of monetary policy.
The remarks reaffirmed the view that the pace of rate hikes could be accelerated if monetary tightening to curb price increases proves insufficient.