According to the minutes of the Bank of Japan's July 30-31 meeting, central bank committee members agreed that it is appropriate to continue raising the benchmark interest rate based on economic, inflation, and financial conditions. Note: The Bank of Japan raised the benchmark interest rate by 25 basis points to 1.25% at the September meeting. These members also agreed that the underlying inflation rate is approaching the 2% target, and that the financial environment is relatively relaxed. One member said: Interest rate hikes may be faster than the market expects to be about once every six months. One member said: The risk of waiting is no longer trivial. One member said that central banks around the world have entered the phase of raising interest rates, so the Bank of Japan needs to adopt a flexible strategy and discuss the extent of a rate hike. Government representative: It is critical that monetary policy be properly implemented to achieve stable inflation.

According to the minutes of the Bank of Japan's July 30-31 meeting, central bank committee members agreed that it is appropriate to continue raising the benchmark interest rate based on economic, inflation, and financial conditions. Note: The Bank of Japan raised the benchmark interest rate by 25 basis points to 1.25% at the September meeting. These members also agreed that the underlying inflation rate is approaching the 2% target, and that the financial environment is relatively relaxed. One member said: Interest rate hikes may be faster than the market expects to be about once every six months. One member said: The risk of waiting is no longer trivial. One member said that central banks around the world have entered the phase of raising interest rates, so the Bank of Japan needs to adopt a flexible strategy and discuss the extent of a rate hike. Government representative: It is critical that monetary policy be properly implemented to achieve stable inflation.