Dovish BOJ policymaker Asada pushes back against early rate hike
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10 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"…
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