BOJ Debates More Rate Hikes Amid Inflation Fears

The Bank of Japan's (BOJ) policy-setting board debated additional interest rate hikes to adjust 'accommodative' financial conditions, according to a summary of opinions from its September meeting. The central bank is closely monitoring interest rates and lending growth in making monetary decisions.

Bank of Japan Governor Kazuo Ueda named interest rates, bank lending, and asset markets as three factors the central bank will watch when considering further rate hikes. This suggests that the BOJ is concerned about inflationary pressures from a weak yen and high crude prices.