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2025-10-20 13:01:48
[Bank of Japan board member Sou Takada continues to call for further rate hikes] Bank of Japan board member Sou Takada said on Monday that Japan's economy is resisting the impact of US tariffs and is likely to have achieved its 2% inflation target, reiterating his call for resuming interest rate hikes. In his speech, Takada said that the Bank of Japan's October tankan business climate survey and the bank's branch manager survey results both showed that improved employment and income conditions are supporting consumption. He said that as companies have steadily raised prices and wages, Japan has roughly achieved the central bank's 2% inflation target and now even faces the risk of unexpected price increases. "I think now is the best time to raise interest rates," Takada said, explaining his call for a rate hike at the September meeting. He was one of two board members who voted against keeping the interest rate at 0.5% at the September meeting and instead proposed raising the rate to 0.75%.
