Bank of Japan committee member: will continue to raise interest rates based on economic and price conditions.

The minutes of the Bank of Japan's monetary policy meeting in April showed that the members of the policy committee reached a consensus that it is necessary to continue raising interest rates according to the economic, inflation, and financial environment. The members agreed on the timing and pace of monetary policy adjustments: taking into account two dimensions, closely monitoring the impact of the Middle East conflict on the Japanese economy, and assessing the likelihood of the realization of the baseline economic outlook. Note: The Bank of Japan maintained its policy interest rate unchanged in April, and completed a rate hike at an earlier monetary policy meeting earlier this week. Some members expressed that if there is a risk of continued high oil prices, in order to avoid core inflation continuing to deviate from the reasonable range, it is advisable to raise interest rates to a neutral level as soon as possible. One member suggested that there is still a significant gap between the current policy interest rate and the neutral interest rate, and the central bank should continue to push forward rate hikes every few months.