Ahead of the Monetary Policy Meeting scheduled for the end of this month, Bank of Japan Policy Board member Koeda (小枝) said that the Bank would not be overly cautious about raising rates, indicating a commitment to continue raising rates in light of the risk of rising prices.
Bank of Japan Policy Board member Koeda (小枝) gave a speech in Kumamoto and discussed the outlook for interest-rate hikes. During the speech, Koeda made remarks to the effect that the Bank would not be overly cautious about raising rates.
Koeda indicated that rates should continue to rise, given the considerable risk of rising prices. The commitment to continue raising rates has been described as reflecting an emphasis on price stability.
Ahead of the Monetary Policy Meeting scheduled for the end of this month, market participants are closely watching views on the direction of the Bank of Japan's monetary policy. Some believe that Koeda's remarks could affect short-term policy decisions.