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MNI: BOJ Should Cautiously Mull Rate Hikes - Oct Opinions

MNI (TOKYO) - The Bank of Japan must carefully consider policy interest rate hikes, according to some board members at the Oct 30-31 meeting, and despite the board's view that it would gradually increase the rate, the summary of opinions showed on Monday.

“The BOJ needs to pay due attention to the future course of overseas economies, particularly the U.S. economy, and developments in financial and capital markets," noted one board member. "It also needs to examine how these factors will affect the outlook for Japan's economic activity and prices, the risks surrounding them, and the likelihood of realising the outlook.”

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MNI (TOKYO) - The Bank of Japan must carefully consider policy interest rate hikes, according to some board members at the Oct 30-31 meeting, and despite the board's view that it would gradually increase the rate, the summary of opinions showed on Monday.

“The BOJ needs to pay due attention to the future course of overseas economies, particularly the U.S. economy, and developments in financial and capital markets," noted one board member. "It also needs to examine how these factors will affect the outlook for Japan's economic activity and prices, the risks surrounding them, and the likelihood of realising the outlook.”

Keep reading...Show less