Members of the Bank of Japan’s board of governors in September emphasized the need to improve communication with financial markets, while some members stressed the importance of remaining wary of downside risks, a summary of the opinions from the discussion.
“In implementing further policy rate hikes, the bank will need to communicate its policy position and other factors more carefully to the markets,” one of the policy board’s nine members said at the Sept. 19-20 meeting, the summary said.
The summary shows the BOJ will try to give clearer hints before raising rates again, after the July 31 rate hike was criticized for causing market ruckus, including the biggest ever drop in the 225-issue Nikkei average.
