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BOJ Board Member: It's Needed to Carefully Consider Pace of Rate Hikes, Closely Monitor Economic Impact
2026-11-12 11:00:55
BOJ board member Toichiro Asada said the central bank needs to proceed cautiously and closely monitor the impact of interest rate hikes on the economy, as rate hikes carry the risk of suppressing price trends.

Asada opposed a rate hike at last month's meeting, viewing recent price increases may not have been driven by demand factors, and therefore the central bank needs to carefully consider the pace of rate hikes.

The JPY fell overnight to its weakest level in more than two months, approaching JPY160 against USD1. The currency was last down 0.05% at 159.788 per USD1.
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