The minutes of the Bank of Japan’s July monetary policy meeting contained language suggesting that a committee member saw scope to adjust the pace of rate hikes flexibly. The content suggests flexibility in the pace of future rate hikes.
The minutes of the Bank of Japan’s July monetary policy meeting were found to contain wording stating that the pace of rate hikes would be adjusted flexibly.
The wording can be read as suggesting flexibility in the pace of future rate hikes and in policy decisions, but the article contains no specific policy conclusion or timing.
The release of the minutes has drawn attention to the possibility that the Bank of Japan’s scope for operating monetary policy could expand.