BOJ POLICY MEMBER TAKATA DISCUSSES MONETARY POLICY AND ECONOMIC OUTLOOK
BOJ POLICY MEMBER TAKATA DISCUSSES MONETARY POLICY AND ECONOMIC OUTLOOK
Japan’s real interest rates remain deeply negative, with no change in accommodative monetary policy.
Further rate hikes may be needed if the economy follows BoJ’s forecasts.
BoJ aims for a gradual policy shift to avoid upside price risks.
Caution is required due to uncertainty over the U.S. economic outlook and difficulty determining the neutral rate.
Inflation may approach BoJ’s target, mainly due to domestic factors.
BoJ hopes for sustained achievement of its inflation target from fiscal 2025 onward, supported by strong wage growth.
Uncertainties remain about the U.S. economy's impact.
