1 of 1
Story summary
- Former Bank of Japan (BOJ) director Kazuo Momma says the bank will raise its rate in October, a second hike.
- Governor Kazuo Ueda’s board lifted the policy rate three months after the June increase, accelerating the pace.
- Ueda said the BOJ entered a new phase focused on preventing inflation from overshooting its 2% target.
- A member of the September 17-18 meeting warned the bank will accelerate hikes if prices deviate upward.
