BOJ Policy Board Sees Growing Inflation Overshoot Risk, Considers Faster Rate Hikes
The Bank of Japan's policy board is increasingly concerned about inflation potentially exceeding its target. Some members indicated a readiness to accelerate interest rate increases if deemed necessary.
TOKYO--The policy board of the Bank of Japan is growing increasingly concerned about the possibility that inflation could overshoot its target, with some members saying interest-rate hikes may need to come faster if necessary, according to the central bank's latest summary of opinions. "