- BOJ should wait at least until March or April next year to raise interest rates
- BOJ should move cautiously on policy normalisation
- It would be premature to raise interest rates in December or January
- Excessive yen fall is undesirable, Japan should not rule out FX intervention in addressing such moves
It comes as no surprise to see the panel being rather biased about the whole thing, with Takaichi only wanting “yes persons” on the board. And in trying to push forward with her fiscal agenda, she has been rather vocal in wanting the BOJ to put off rate hikes for the time being. So, the remarks here only serve to echo that sentiment.
This article was written by Justin Low at investinglive.com.