Bank of Japan Policy Board member Masu Kazuyuki (増 一行) said in a speech in Fukui City that further interest rate hikes are necessary to address the risk of a significant upside surprise in prices.
Bank of Japan Policy Board member Masu Kazuyuki (増 一行), who is involved in monetary policy decisions, delivered a speech in Fukui City. In the speech, he expressed the view that action should be taken to address the risk of a significant upside surprise in prices.
He made clear that further interest rate hikes are necessary to address that risk. The speech was reported to have taken place on the 10th.
The remarks have been reported as one view concerning the Bank of Japan's conduct of monetary policy, and are expected to draw attention in future discussions and follow-up reports.