Summary of the Bank of Japan policy meeting: It is necessary to further raise interest rates to address inflation risks.

The Bank of Japan announced the summary of its policy meeting held on June 15-16 on June 24, implying the need for further interest rate hikes. The summary of opinions indicated that one deliberating member mentioned that as core CPI growth is nearing 2% and the financial environment remains accommodative, the central bank should consider continuing interest rate hikes based on economic, inflation, and financial conditions. The summary also indicated that another deliberating member mentioned that the neutral interest rate seems to be around 2%. This member suggested considering raising policy rates every few months at appropriate times.