Among the main opinions from the BOJ policy meeting, the view was expressed that the policy rate should not be hurriedly raised to the neutral rate, while the outlook that underlying inflation would settle at 2% and the risks of future rate hikes were also highlighted.
Among the main opinions from the BOJ policy meeting held on 29-30 October, the view was expressed that underlying inflation would settle at 2% ahead and that there was no need to hurry to raise the policy rate to the neutral rate.
It was pointed out that close attention should be paid to the risk that future rate hikes could push down the economy and underlying inflation, emphasizing a cautious stance.
One opinion held that it was important to establish the underlying inflation rate at a level consistent with the BOJ's target.