Japan’s normalisation strategy in jeopardy

Considerable uncertainty remains over the extent and timing of future monetary-policy tightening in Japan. Miyako Suda, one of the nine policy board members of the Bank of Japan and a former economics professor, sounded a decidedly hawkish call on 28 September, saying the economy may overheat if the current "ultra-low" interest rates are raised too slowly. Suda, who along with two other board members, unsuccessfully advocated a rate hike in January this year, a month before the quarter-point rat