UN Security Council renews Haiti sanctions amid enforcement gaps
The council extended its sanctions committee’s work by 13 months as independent experts highlighted weaknesses in arms controls and asset freezes.
BOJ's Koeda urges timely rate increases as inflation risks persist
The board member said financial conditions remain accommodative and rising wages point to more durable progress toward sustained inflation.
Junko Koeda, a board member of the Bank of Japan, said on October 15 that significant risks of higher inflation meant the central bank should avoid excessive caution when raising rates.
Speaking to business leaders in Kumamoto in southern Japan, Koeda said earlier rate increases had left financial conditions accommodative. She saw little evidence that increased borrowing costs were weighing on household or business activity.
Koeda said price increases across many consumer goods indicated that underlying inflation was taking hold near the BOJ's 2% goal. Steady wage gains also suggested more durable progress toward sustained inflation, she said. Policy adjustments should be timely, reflect economic and price developments, and take account of estimates of the neutral interest rate, she added.
The BOJ has raised its benchmark rate to its highest level in 31 years and indicated a greater focus on keeping underlying inflation from exceeding its goal. That shift strengthened expectations for additional tightening.