BOJ's Sato supports gradual rate hikes but rejects a preset pace
The board member opposed September's rate increase, citing weak momentum in consumption and a lack of acceleration in underlying inflation.
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Ananya Iyer
Edits and reviews stories on the economy and economic policy: growth, inflation, jobs, central banks, the IMF and World Bank, fiscal and trade policy, and regulators' rules.
Ananya Iyer is the Economy & Policy Editor at Globe And Street.
The Economy & Policy Editor edits and reviews stories on the economy and economic policy: growth, inflation, jobs, central banks, the IMF and World Bank, fiscal and trade policy, and regulators' rules. Every story in this scope carries Ananya Iyer's name.
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- BOJ may signal underlying inflation has reached about 2%
Sources say the central bank could update its assessment in an October report, though many officials favor waiting before raising rates again.