BOJ policymaker Asada Toichiro (浅田統一郎) expressed the view that future interest-rate increases should proceed gradually and indicated that the neutral interest rate is slightly higher than the policy rate.
At a press conference following the Nagasaki Prefecture Financial and Economic Meeting, a BOJ policymaker Asada (浅田) indicated that although he had not completely ruled out future interest-rate increases, they might need to proceed gradually. No specific timing or scale was given here.
He also stated that the neutral interest rate is slightly higher than the policy rate.