Bank Of Japan Minutes: Some Members Favored Faster Rate Hikes If Middle East Conflict Persists

Some Bank of Japan policymakers said the central bank should raise interest rates more quickly if the Middle East conflict continues, citing the need to avoid the risk of inflation becoming excessively high. According to Jin10, the view was recorded in the Bank of Japan’s meeting minutes, which said some members argued that a prolonged conflict could increase inflationary pressures and warrant a faster pace of rate increases.