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BOJ debated need for more rate hikes, scope for faster moves, September minutes show
TOKYO: Bank of Japan policymakers saw the need to keep raising interest rates with some signalling the chance of faster-paced increases, minutes of their September meeting showed, bolstering the case for another hike as soon as December. The board also debated Japan’s neutral interest rate and market pricing of the BOJ’s terminal rate, in a sign of its growing focus on how far the central bank could lift borrowing costs without cooling the economy too much. “If signs of an upward deviation in prices were observed, the BOJ would need to accelerate the pace of rate hikes,” one member was quot...
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