BOJ's Koeda Urges More Rate Hikes as Price Risks Stay Elevated
Updated
Updated · Bloomberg · Oct 19
BOJ's Koeda Urges More Rate Hikes as Price Risks Stay Elevated
3 articles · Updated · Bloomberg · Oct 19
Summary
Junko Koeda said the Bank of Japan should not be overly cautious about raising interest rates, signaling support for another hike in the coming months.
Koeda tied that stance to considerable upside risks to prices and still-accommodative financial conditions, arguing policy remains loose enough to justify further normalization.
Her speech in Kumamoto suggests the BOJ remains firmly on track to keep lifting borrowing costs after accelerating the pace of policy normalization.