Bank of Japan's Hajime Takata Expresses No Fixed Timeline for Interest Rate Hike

Deep News02-06 16:30

Bank of Japan Policy Board member Hajime Takata stated that he has no specific schedule for when the central bank should raise the benchmark interest rate, emphasizing that authorities will closely monitor economic data when making policy decisions.

He indicated that once analysis of economic data confirms it is feasible, the central bank will not hesitate to adjust policy rates. If price trends continue to exceed the 2% target, such a situation is not particularly desirable, and it is necessary to stabilize price movements around 2%. As expected, core inflation is approaching 2%, and the impact of exchange rates on inflation has become greater than before.

He added that financial conditions remain accommodative, and increasing bond purchases would be a measure for special circumstances.

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