BoJ Signals Scope For Rate Hikes
BoJ members signal scope for further rate hikes as FX moves push up import prices and financial conditions remain accommodative
· One Member Said It Has Become More Appropriate To Adjust Monetary Support As FX Moves Push Up Import Prices · One Member Said It Is Appropriate To Continue Raising Rates As Financial Conditions Remain Accommodative · BoJ Must Maintain Stance Of Further Rate Hikes If Economy And Prices Develop In Line With Forecasts · One Member Said BoJ Should Push Policy Rate Closer To Neutral As Soon As Possible · One Member Said Early Moves Towards Neutral Would Reduce Risk Of Sharp Rate Hikes Later · One Member Estimated Japan’s Neutral Rate At Around 2% And Said BoJ Should Raise Rates Every Few Months