At the BOJ policy meeting on 29-30 October, the view was expressed that the next rate hike should be implemented when possible, without being excessively cautious. Financial conditions were said to remain accommodative, marking a new phase in which the pace of reaching the neutral rate should be accelerated.
Among the main opinions at the BOJ policy meeting, the view was expressed that the next rate hike should be implemented flexibly without being excessively cautious.
Financial conditions were said to remain accommodative, and it was pointed out that the current situation marked a new phase in which the pace of reaching the neutral rate should be accelerated.
A shared view emerged that, given underlying inflation's reaching 2%, the policy rate needed to be brought to the neutral level promptly.
The view was expressed that a regime change was needed to aim for an early move to a neutral rate level that would allow a flexible response to domestic and overseas economic conditions.