BOJ Debates Further Rate Hikes Amid Inflation Risks

The Bank of Japan (BOJ) policymakers debated further rate hikes at their September meeting, according to a summary of opinions.

Some members saw the need to accelerate interest rate rises or bring them closer to the BOJ's goal soon due to inflationary pressure.

One member stated that if signs of upward deviation in prices are observed, the Bank will need to accelerate the pace of rate hikes.

The opinions highlighted the board's growing focus on inflation risks, reinforcing dominant market views of another rate hike this year.