Dovish BOJ Policymaker Asada Pushes Back Against Early Rate Hike
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8 Articles
Channel News Asia
Dovish BOJ policymaker Asada pushes back against early rate hike
NAGASAKI, Japan, Nov 12 : Dovish Bank of Japan policymaker Toichiro Asada pushed back against calls within the board for a near-term interest rate hike, arguing on Thursday that premature rate hikes could hurt growth and push down underlying inflation.While an overshoot of inflation above the BOJ's 2 per cent
Toichiro Asada, a member of the Bank of Japan's executive board, wants the bank to move slowly with another interest rate hike. A premature hike could hurt growth and push down underlying inflation, Reuters reports.
On December 12, Bank of Japan Policy Board member Toichiro Asada gave a speech in Nagasaki City, stating, "We must be mindful of the risk that interest rate hikes could depress the economy and lead to a downward pressure on the underlying inflation rate," expressing concern about an economic slowdown. Regarding future interest rate hikes, he emphasized the need to "pay close attention to the pace"…
BoJ's Asada Warns Further Rate Hikes Carry Greater Risks as Policy Enters Neutral Range - ActionForex
Bank of Japan Policy Board member Toichiro Asada warned that further interest rate hikes could have a greater impact on economic activity now that the policy rate has entered the estimated neutral range. Speaking at a meeting with local leaders in Nagasaki on November 12, Asada emphasized the need to carefully assess the effects of […]
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