Bank of Japan Policy Board Member Koeda Junko (小枝淙子) said at a speech in Kumamoto City that there was no need to be excessively cautious about raising interest rates, indicating that the Bank intends to continue raising its policy rate. A decision has been made at the September meeting to raise it to around 1.25%, and market attention is increasing ahead of the next meeting on the 29th and 30th.
Bank of Japan Policy Board Member Koeda Junko (小枝淙子) gave a speech in Kumamoto City and expressed the view that there was no need to be excessively cautious about raising interest rates. She emphasized the Bank's intention to continue raising its policy rate.
At its September Monetary Policy Meeting, the Bank of Japan decided to raise the policy rate to around 1.25%, and its next meeting is scheduled for the 29th and 30th of this month. Market attention is increasing regarding the timing of the next rate hike.
While reiterating the view that the timing of future rate hikes should be adjusted as appropriate, the actual timing and pace of increases will be determined at each meeting.