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BOJ could raise rates every quarter, ex-policymaker says
TOKYO: The Bank of Japan is expected to raise interest rates roughly once every three months and push them up to 2% by around June next year to combat mounting inflationary pressures, former bank board member Makoto Sakurai said on Thursday. In raising interest rates to a 31-year high of 1.25% in September, the central bank has shifted its policy approach to one increasingly focused on addressing broadening price pressures from surging fuel costs, he said. Government data shows Japan has seen the cost of importing crude oil spike around 70%-to-80% in recent months from levels before the US att...
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