The Bank of Japan (BOJ) is expected to continue raising interest rates every three months to manage inflation risks, according to a former BOJ executive director. Eiji Maeda, who previously oversaw monetary policy, shared this outlook in an interview on Tuesday.
Maeda anticipates the next rate hike in December, followed by another in March or April of next year. He noted that the pace of rate increases has now accelerated to roughly one hike every three months, which he believes is appropriate to maintain stable price targets.
The BOJ's strategy aims to prevent inflation from deviating significantly from its intended path. Maeda's comments suggest a structured approach to monetary policy adjustments in the near term.