The Bank of Japan (BOJ) published the main views expressed at its July policy meeting. Several members expressed heightened vigilance over upside risks to prices and said a dynamic response was needed to accelerate the pace of rate hikes.
The Bank of Japan (BOJ) published the main views expressed at its July policy meeting, with several members voicing concerns about upside risks to prices.
Some members said it was necessary to discuss a flexible response and the size of rate hikes rather than being bound to a set pace, and argued for accelerating the pace of rate hikes.
The risks of waiting were considered not insignificant, suggesting a need to adjust the degree of monetary easing at a faster pace.