Underlying inflation reaches 2%; some say there is no need to rush rate hikes toward the neutral level = Bank of Japan's October meeting | Reuters

The story

At its monetary policy meeting held on 29 and 30 October, the Bank of Japan expressed the view that underlying inflation had reached 2%. Against this backdrop, some participants said it was necessary to bring the policy rate to the neutral rate at an early stage.

Some, however, took the view that rates should not be raised hastily, and there was a view that future policy management would focus on continued dialogue and careful judgment.

At a glance

Date and timeReports have referred to discussions at the Bank of Japan's 29 and 30 October meeting.

StatusThe assessment that the underlying inflation rate had reached 2%.

Government PolicySome participants expressed the view that the policy rate needed to be raised to the neutral rate.

ViewSome participants also expressed the view that there was no need to hurry.

Reference information. Every claim resolves to something the story actually named.