Former Bank of Japan executive director Eiji Maeda said Japan may continue raising rates about every three months to limit the risk of inflation moving away from its price-stability target, according to a BlockBeats report attributed to Kinju.
Expected path
Maeda expects the next hike in December and another in March or April. He said the current pace is appropriate and broadly matches market expectations.
Consecutive meetings remain unlikely
Maeda said consecutive-meeting hikes cannot be ruled out if the yen falls sharply, but he considers that scenario unlikely for now. He also warned that two straight increases could cause markets to expect another hike, creating a risk the BOJ has reason to avoid.
These are Maeda’s views as reported by the source, not a BOJ policy announcement. Read the original BlockBeats flash.