In the minutes of the Bank of Japan’s July meeting, one member concerned about upside risks to prices said the policy rate should be adjusted flexibly, while some also called for the pace of rate hikes to be accelerated.
The Bank of Japan released the minutes of its July Monetary Policy Meeting. According to the minutes, a Policy Board member concerned about the risk of rising prices expressed the view that it was important to adjust the policy rate flexibly.
Some members argued that the pace of rate hikes needed to be accelerated, indicating that discussions about rate hikes were active during the meeting.
The minutes do not include specific figures or the timing of future policy implementation, and remain limited to the wording used in the minutes.