BOJ policymaker called for keeping rate-hike stance, May meeting summary shows

TOKYO :The Bank of Japan should not turn overly pessimistic about the economic outlook and stand ready to raise interest rates further depending on shifts in U.S. trade policy, one of its board members was quoted as saying at a April 30-May 1 policy meeting.

“There’s no change to the BOJ’s rate-hike stance as our projection shows inflation achieving our 2 per cent target and real interest rates are deeply negative,” another opinion showed, according to a summary of opinions of the meeting released on Tuesday.