The Zhitong Finance App learned that a summary of opinions from the Bank of Japan's September meeting shows that some policymakers believe it is necessary to speed up the pace of interest rate hikes or bring interest rates close to the central bank's “target” as soon as possible, which increases the possibility of further interest rate hikes. Most opinions believe that at a time when inflationary pressure is rising, it is necessary to continue to raise borrowing costs after the September rate hike. A member of the committee was quoted as saying, “If signs of upward deviation in prices are observed, the central bank will need to increase the pace of interest rate hikes.”

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.