BOJ's Asada urges caution on further rate hikes
Bank of Japan board member Asada said future rate increases must be cautious given a lag of at least a year in policy impact and weak consumption.
What we know
Market news accounts relay that Asada said further hikes must be cautious, and that policy effects lag by at least a year. He also said current inflation is not necessarily demand-led and that the 5-year JGB yield fell 2bp to 2.170%.
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“BOJ's Asada Says Any Future Rate Increases Must Be Implemented at a Cautious Pace”
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