日本央行如期维持利率不变 两名“鹰派”委员再投反对票

Core Viewpoint - The Bank of Japan (BOJ) maintained its benchmark interest rate at 0.5%, aligning with economists' expectations, while discussions about potential rate hikes are ongoing due to inflation and economic performance [1][2]. Group 1: Monetary Policy Decisions - The BOJ's decision to keep the interest rate unchanged was passed with a 7 to 2 vote, with two members advocating for a 25 basis point increase [1]. - Economists suggest that the likelihood of a rate hike may increase in upcoming policy meetings as global trade fluctuations are better assessed [1][2]. - The BOJ's current stance is seen as a cautious approach towards tightening monetary policy, with potential gradual actions expected in the future [1][2]. Group 2: Economic Context - Japan's inflation has remained above the BOJ's 2% target for 41 consecutive months, indicating persistent price pressures [2]. - The Japanese economy is experiencing a mixed performance, with exports having contracted for four consecutive months before a rebound in September [3]. - The recent discussions around monetary policy are occurring against a backdrop of a weakening yen, which has been a point of contention in international relations [2][3]. Group 3: Political and International Relations - U.S. Treasury Secretary emphasized the importance of sound monetary policy in anchoring inflation expectations and preventing excessive currency fluctuations [2]. - The new Japanese Finance Minister, Satsuki Katayama, has been noted for her advocacy of low interest rates, which may conflict with the need for a stronger yen [2]. - The coordination between the BOJ and the government is deemed crucial for effective policy implementation, especially in light of fiscal spending plans [2].