TOKYO (Reuters) – Bank of Japan policymakers were divided on how soon they could raise interest rates with some warning of the risk of renewed market volatility, a summary of opinions at the October policy meeting showed on Monday (NASDAQ:).
“The Bank should consider further rate hikes after pausing to assess developments in the U.S. economy,” one member was quoted as saying in the summary, adding that Japan’s economy no longer needed substantial monetary support.
Another member, however, said the BOJ must “take time and exercise caution” when raising rates, the summary showed.