BoJ Policymakers Weigh Faster Rate Hikes Amid Inflation Concerns

The Bank of Japan's September meeting saw some policymakers consider accelerating interest rate hikes to prevent inflation from overshooting its target.

The central bank raised rates to a 31-year high in September, with Governor Haruhiko Kuroda signaling the start of a new phase focused on preventing inflation from exceeding its goal.

A summary of opinions at the meeting showed that some members saw the need to accelerate rate hikes if signs of upward price deviation were observed.