BOJ board member Asada said that close attention must be paid to the pace of rate hikes, expressing concern about adverse effects on the economy. The remarks suggested the importance of conducting policy with due regard for fiscal and financial conditions.
BOJ board member Asada said that close attention must be paid to the pace of rate hikes. The member said the choice of pace would be important in the conduct of monetary policy going forward.
The member expressed concern about adverse effects on the economy, suggesting that a cautious response taking into account the strength of the economic recovery and price trends may be warranted.
The remarks conveyed the view that how to adjust the pace in the next phase of monetary policy would be a focus.