Japan's central bank, the Bank of Japan (BOJ), is considering a series of steady rate hikes in response to rising inflation. A BOJ panelist has warned of the risk of inflation overshooting and urged the central bank to raise rates further. Tokyo's inflation has picked up, keeping the BOJ on track for a rate hike. Additionally, a mid-year economic policy roadmap draft from Jiji indicates Japan's resolve to complete its exit from deflation. The BOJ has scope to hike its benchmark rate to as high as 0.5% by the end of the year if economic conditions remain stable, according to MS.
Japan’s central bank has scope to hike its benchmark rate to as high as 0.5% by the end of the year if economic conditions stay more or less on the same track, according to a former member of the Bank of Japan’s policy board https://t.co/vSFcgeVHdP
Hoenig: Fed Faces "Fragile Equilibrim" as Inflation Steadies Near 3% Former Kansas City Fed President Tom Hoenig says Fed basically following wait and see economics as it bets on policy being restrictive enough to bring down inflation. If Fed wanted to bring down inflation…
BOJ panelist calls for steady rate hikes, warns of inflation risk https://t.co/iwMZO3zALy https://t.co/11bfsJJyO1
BOJ panelist warns of inflation overshoot, urges the central bank to raise rates further https://t.co/GRkphN5qnA
⚠️ JAPAN MID-YEAR ECONOMIC POLICY ROADMAP DRAFT TO SHOW RESOLVE TO 'COMPLETE EXIT FROM DEFLATION' - JIJI
BoJ Panellist Calls For Steady Rate Hikes, Warns Of Inflation Risk - MS https://t.co/sTNo3kYDLv
🇯🇵 #Japan | #Tokyo Inflation Picks Up, Keeping #BOJ on Track for Rate Hike - Bloomberg https://t.co/Oe8fikcuOT https://t.co/P4kaLMqm9v
Hey @Austan_Goolsbee - under the Fed's idiotic 'average-inflation targeting' policy post-2019, wouldn't considerable deflation now be REQUIRED in order to hit the @federalreserve's made-up 2% target? https://t.co/dfeYhTXxBT