BOJ’s Most Dovish Member Warns Against Rushing to Raising Rates

The Bank of Japan’s most dovish board member warned against hurrying to raise the benchmark interest rate as authorities will need to closely monitor the impact of US tariffs on economic activity.

“Given the extremely high uncertainties in play, my view is that it is appropriate for the bank to conduct monetary policy deliberately to reflect the actual state of economic recovery,” Toyoaki Nakamura, the board member, said in a speech Friday in Fukuoka, southwestern Japan.