BOJ's Koeda says no need to be too cautious on rate hikes, sees considerable upside price risks

Bank of Japan board member Koeda says there is no need to be too cautious on rate hikes, citing considerable upside risks to prices from yen weakness, robust global AI demand and Middle East developments. He says the BOJ should adjust rates timely, that Japan's neutral rate is well above 1% near the lower bound of the estimated range, and that underlying inflation has been about 2% over the past year.

Detected & updated continuously · Source: Nebula