BoJ Hawks Push for Faster Rate Hikes as Inflation Hits Target, but Consumption Risks Persist

The Bank of Japan’s October 29–30 Summary of Opinions revealed growing pressure among policymakers to accelerate interest rate normalization, as underlying inflation was assessed to have reached the 2% target. One opinion argued that the BoJ had entered “a new phase” requiring it to “step up the pace” of bringing the policy rate toward neutral, […] The post BoJ Hawks Push for Faster Rate Hikes as Inflation Hits Target, but Consumption Risks Persist appeared first on ActionForex.