BOJ September Summary Shows Hawkish Warning on Inflation Risks
One BOJ member said the central bank should not be overly cautious given significant upside inflation risks, while the government called for careful review of past rate hikes.
The Bank of Japan’s September summary of opinions showed one member warning against excessive caution, citing significant upside inflation risks. That member also said the terminal rate could overshoot the BOJ’s estimated range depending on overseas developments.
A Cabinet Office representative said the government expects the BOJ to fulfill its accountability and carefully examine the cumulative effects of past rate hikes.
Source: First Squawk