Some in BOJ called for caution in raising rates, October minutes show
Mihaela Păun
TOKYO: Bank of Japan policymakers agreed in October to keep raising interest rates if the economy moves in line with their forecast, but some stressed the need for caution due to the uncertain outlook, minutes of the meeting showed on Tuesday (Dec 24). The central bank left interest rates steady at 0.25 per cent at the Oct 30-31 meeting but projected inflation to move around its 2 per cent target in the coming years, signalling that it was on track to hike borrowing costs in the near-term
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