The Bank of Japan released the main opinions from its 30–31 July monetary policy meeting, which included expressions of concern about inflation rising above the 2% target. Several policymakers were positive about speeding up the pace of rate hikes.
The Bank of Japan released the main opinions from its 30–31 July monetary policy meeting. Caution was expressed about inflation rising above the 2% target.
Some members of the Policy Board suggested the possibility of raising the pace of rate hikes in response to sustained price increases.
The released summary indicated that several policymakers were positive about this approach.