ChainCatcher, citing Jinshi, reported that Bank of Japan Deputy Governor Shinichi Uchida said today’s decision took into account a specific risk: if policy adjustment is delayed, a substantial interest rate increase may be required later. His remarks centered on how the Bank of Japan weighed the timing of policy action when making the decision.
The report did not provide further details about the decision, nor did it include additional data or other wording from Uchida’s comments. Based on the disclosed statement, Uchida’s point was the relationship between delayed policy adjustment and the scale of future rate hikes: if action is postponed, the pressure for a larger increase at a later stage may rise.
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