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BOJ Minutes Reveal Cautious Approach to Rate Hikes

11/5/2025

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Summary

Story summary

The Bank of Japan (BOJ) minutes from the September meeting show a cautious stance on rate hikes, with the policy rate at 0.5%.
Two BOJ members urged an immediate rate increase.
Some members noted that conditions for a rate hike are gradually improving but require more data.
The minutes note global trade uncertainties and United States tariffs' impact on Japan's economy, with ongoing discussions about wage trends and external pressures.

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Story summary

The Bank of Japan (BOJ) minutes from the September meeting show a cautious stance on rate hikes, with the policy rate at 0.5%.
Two BOJ members urged an immediate rate increase.
Some members noted that conditions for a rate hike are gradually improving but require more data.
The minutes note global trade uncertainties and United States tariffs' impact on Japan's economy, with ongoing discussions about wage trends and external pressures.