BoJ’s Masa calls for tightening at ‘earliest stage possible’
Board member indicates conditions for rate rises are forming as inflation approaches 2% target
A member of the Bank of Japan’s monetary policy board has said it should raise rates as soon as possible to ensure it can respond to changes in inflation, while signalling that the economic conditions needed to take this action are nearly in place.
In a speech today (May 14), Kazuyuki Masa said Japan’s economy was in a “more complex” situation than others around the world because its monetary policy would remain accommodative if the BoJ decided to raise rates. This was because the country’s real
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