The BOJ published the main opinions from its July monetary policy meeting, with views expressed that the pace of rate hikes should be accelerated amid concerns that inflation could exceed the target. Attention is focused on developments ahead.
The BOJ published the main opinions expressed at its monetary policy meeting held on 30 and 31 July. The publication showed that policymakers had voiced concern about the possibility of the inflation rate exceeding the 2% target. In this context, views were expressed at the meeting that the pace of rate hikes should be increased.
Several policymakers shared the view that monetary policy should be reviewed flexibly in light of current price trends. Statements were made to the effect that continuously monitoring wage and price trends is particularly important and that developments will require continued close attention in future policy decisions.