Bank of Japan Policy Board member Takata Hajime (高田創) spoke in Sapporo, saying that while the Bank would maintain a gradual pace of twice-yearly rate hikes through 2025, it had entered a new phase in which it would proceed with agile rate hikes from 2026 onward.
Bank of Japan Policy Board member Takata Hajime (高田創) spoke in Sapporo and outlined his views on monetary policy operations.
He said that policy operations through 2025 should proceed at a gradual pace of twice-yearly rate hikes, while from 2026 onward the Bank should raise rates flexibly without being bound to a set pace.
The view is understood to envisage flexible policy operations based on economic and price developments.