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Bank Of Japan · Interest Rates · Monetary Policy
Hajime Takata, identified as the most hawkish member of the Bank of Japan's Policy Board, has stated that deflation is now a thing of the past, clearing the path for an interest rate hike sooner rather than later.
He believes the central bank should signal that its price stability target has been largely achieved. Takata also expressed concerns about external shocks potentially causing Japanese inflation to exceed expectations, exacerbated by a weakening yen and expansionary fiscal policy.
He previously dissented in a 8-1 vote to keep rates at 0.75%, advocating for a raise to 1.0%. Takata noted that concerns about US tariffs, previously an obstacle, have eased.
BoJ's Takata Urges Swift Rate Hike, Declares Deflation Over, Eyes Inflation Risks(current)
