BOJ to Avoid Shocks After July Hike Set Market Crash in Motion

Bank of Japan board members meeting in September highlighted the need to enhance communications with financial markets, while some members stressed the importance of staying wary of downside risks, according to a summary of opinions from the discussion.

“When conducting further policy interest rate hikes, the bank will need to communicate its policy stance and other factors to markets more carefully,” one of nine policy board members said at the September 19-20 meeting, according to the summary.