BOJ’s Koeda warns against too much caution on rate hikes

What happened: BOJ board member Junko Koeda warned against excessive caution on raising interest rates, saying the bank should not become overly cautious given upside price risks and continued accommodative financial conditions. Key numbers: Yen around 158 per dollar Thursday afternoon, versus 158.95 overnight. Why it matters: Her comments suggest the central bank remains on track to hike borrowing costs again in the coming months after accelerating the pace of normalization.

BOJ board member Junko Koeda warned against excessive caution on raising interest rates, saying the bank should not become overly cautious given upside price risks and continued accommodative financial conditions.

Her comments suggest the central bank remains on track to hike borrowing costs again in the coming months after accelerating the pace of normalization.