Japan · Nation Thailand
BOJ policymakers seek faster rate rises as inflation risks mount
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Bank of Japan ( BOJ ) policymakers signalled that policy rates might need to rise more quickly as upside risks to inflation intensified, according to a summary of views from the central bank’s July 30–31 monetary policy meeting released on Monday (Au
Key facts
- One member rejected the proposition that the “risk of waiting is marginal”
- Thailand expects UNCLOS panel chair on August 14
- The policymaker warned that the materialisation of upside price risks could deal a “significant blow”
- to Japan’s economy and people’s daily lives.
Summary
One member rejected the proposition that the “risk of waiting is marginal” and urged the BOJ to withdraw monetary support more rapidly.
The policymaker warned that the materialisation of upside price risks could deal a “significant blow” to Japan’s economy and people’s daily lives.