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BOJ policymaker warns against excessive caution on rate hikes

Original: BOJ policymaker warns against being overly cautious on rate hikes

A Bank of Japan policymaker has cautioned against being overly cautious in raising interest rates, a signal that the central bank may continue normalising monetary policy despite lingering economic uncertainty. The comments were picked up widely across US news outlets, fuelling speculation about the pace of future BOJ rate hikes and their implications for the yen and global markets.

Why now: Traders and economists are watching for signals on the Bank of Japan's next steps in ending its ultra-loose monetary policy.

Bank of Japan

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