BOJ Policymaker Seeks Faster Rate Hikes Amid Resilient Economic Conditions

A Bank of Japan policymaker called for faster interest rate hikes at the central bank's September policy-setting meeting, according to a summary of opinions released Thursday.

The BOJ Policy Board voted 7-2 to raise its policy interest rate to 1.25 percent on September 17-18, three months after the previous rate hike in June.

A Cabinet Office representative urged the BOJ to 'fulfill its accountability' for the rate hike and examine carefully the cumulative effects of past policy interest rate hikes.

Another BOJ Policy Board member said that the interval between rate hikes would be 'shorter than before' because economic conditions were 'more resilient than expected.'