BOJ Is Likely to Wait Until Fall on Next Hike, Ex-Board Member Says

The Bank of Japan is likely to wait until autumn before mulling whether to raise interest rates again after successfully negotiating the tricky task of backing away from its massive stimulus program, according to a former policy board member.

“There must be a tremendous sense of achievement inside the BOJ,” Makoto Sakurai, the former board member, said in an interview Wednesday. “They conquered the mountain and there are no big urgent issues left now.”