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MNI BRIEF: Faster Policy Adjustments Possible - BOJ's Adachi

(MNI) Tokyo
(MNI) TOKYO

Bank of Japan board member Seiji Adachi said on Wednesday that the Bank could need to adjust the degree of easy policy through rate hikes faster than previously thought.

“If the weak yen accelerated or if it is prolonged, there is the possibility that the year-on-year change of consumer price index would reverse earlier than expected," Adachi told business leaders in Kumamoto City. "If this happened, the BOJ may need to quicken the pace of adjusting the degree of easy policy.”

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Bank of Japan board member Seiji Adachi said on Wednesday that the Bank could need to adjust the degree of easy policy through rate hikes faster than previously thought.

“If the weak yen accelerated or if it is prolonged, there is the possibility that the year-on-year change of consumer price index would reverse earlier than expected," Adachi told business leaders in Kumamoto City. "If this happened, the BOJ may need to quicken the pace of adjusting the degree of easy policy.”

Keep reading...Show less