BOJ Summary Signals Chance of July Hike Amid Upside Price Risks

Bank of Japan board members discussed the case for an interest rate hike as upside risks to inflation become “more noticeable,” according to a summary of opinions from the June policy meeting.

“It is necessary for the bank to continue to closely monitor relevant data in preparation for the next monetary policy meeting,” one of nine board members said, according to the summary released Monday in Tokyo. “If deemed appropriate, the bank should raise the policy interest rate before it’s too late.”