BoJ Summary of Opinions: Member says suitable to keep hiking as conditions remain accommodative

The Bank of Japan (BoJ) published the Summary of Opinions from the June monetary policy meeting, with the key findings noted below.   

Key quotes

One member said it’s become more suitable to modify monetary support as currency moves raise import costs

One member says suitable to keep raising interest rate as financial conditions remain accommodative

Even after June rate increase, central bank must keep option for further hikes if economy, prices follow forecasts.