Economic news

BOJ must raise rates at ‘very moderate’ pace, says board member Adachi

2024.10.15 22:24

© Reuters. FILE PHOTO: The Japanese national flag waves at the Bank of Japan building in Tokyo, Japan March 18, 2024. REUTERS/Kim Kyung-Hoon/File Photo

TOKYO (Reuters) – Bank of Japan board member Seiji Adachi said on Wednesday the central bank must raise interest rates at a “very moderate” pace and avoid hiking prematurely, given uncertainties over the global economic outlook and domestic wage developments.

“Given high uncertainty surrounding global developments, there is significant uncertainty over next year’s wage developments in Japan. We must carefully monitor the situation,” Adachi said in a speech.



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