Rates should rise if confident, says BoJ's Suda

The Bank of Japan needs to avoid spending too much time examining data and policy makers should raise interest rates as long as they're confident in the outlook for the economy, BoJ board member Miyako Suda said in a speech Thursday 25 January.

``If we spend too long examining data, a rate increase would be too late and could cause a risk that the bank will have to hasten the pace of rate increases later,'' Suda said Thursday in a speech in Saga, southwestern Japan. ``That could cause economic