Bank of Japan policymaker requires ‘very reasonable’ tempo of price hikes

Tokyo/Takamatsu, Kagawa Pref. –
The Bank of Japan should increase rates of interest at a “very reasonable” tempo and keep away from prematurely climbing, its policymaker Seiji Adachi stated on Wednesday, warning that additional yen rises and slowing international demand might weigh on inflation and wage progress.

Adachi stated Japan’s financial system has already met the circumstances for normalizing ultraloose financial coverage, with the financial system remaining on a agency notice and worth rises broadening.

But he warned of varied financial uncertainties that required taking a cautious strategy in elevating rates of interest.