BOJ Board Member Masu Kazuyuki (増一行) signaled a willingness to raise interest rates further in a speech, but did not mention a specific timing or pace. The policy rate is currently around 1.0%, and the BOJ indicated that it will adjust the degree of monetary easing. The next meeting is scheduled for the 17th and 18th.
In a speech in Fukui City, BOJ Board Member Masu Kazuyuki (増一行) said that the policy rate would be raised in line with economic, price and financial conditions, and that the degree of monetary easing would be adjusted, signaling a willingness to raise rates further.
Regarding the BOJ’s 2% year-on-year target for underlying inflation, he analyzed that inflation was approaching 2% as a result of various upward pressures and said it was important to keep it from significantly exceeding 2%.
The current policy rate is around 1.0%, and financial conditions were recognized as remaining accommodative. He pointed out that further rate hikes would be required to complete the normalization of monetary policy, but did not mention their timing or pace. The next monetary policy meeting is scheduled for the 17th and 18th.