Summary
- The Bank of Japan signaled a possible policy rate increase in December.
- The summary of views from the policy meeting said some members mentioned the possibility that conditions for policy rate normalization have been met.
- It reported that discussions of rate hikes within the committee are expanding, and Governor Ueda also mentioned the possibility of action within the next few months.
The Bank of Japan(BOJ) is reported to have signaled that it could raise its policy rate as early as December.
On the 10th (Korea time), Jinshi News reported that the latest summary of views from the Bank of Japan's policy meeting showed some members saying, "It is highly possible that the conditions to pursue normalization of the policy rate have already been met."
The remark was released immediately after the two-day monetary policy meeting that ended on October 30, in which seven of the nine members advocated maintaining the current rate and two advocated raising it, suggesting that discussions about tightening are expanding within the committee.
Earlier, BOJ Governor Kazuo Ueda had said, "We could act within the next few months."
Uk Jin
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