Bank of Japan Deputy Governor Himino Ryozo (氷見野良三) gave a speech in Saitama City, emphasizing the upside risks to prices. Regarding the timing of additional rate hikes, he said the matter would be thoroughly discussed at future meetings, and also referred to the possibility of a rate hike at the September meeting.
Bank of Japan Deputy Governor Himino Ryozo (氷見野良三) gave a speech in Saitama City and said that the timing of additional rate hikes would be “thoroughly discussed at each monetary policy meeting.”
He emphasized the risk that the underlying rate of inflation, which the Bank of Japan monitors closely, could exceed its 2% target.
His remarks were viewed as indicating that he did not rule out the market expectation of a rate hike at the September meeting.
Policy discussions are expected to continue, with the article noting that the Bank intends to hold repeated discussions on the timing of additional rate hikes.