日本央行行长：利率仍低于中性水平，薪资增长势头若未减弱将带来加息机会

Core Viewpoint - The Bank of Japan has raised interest rates to the highest level in 30 years, indicating readiness for further increases, marking a significant shift from decades of monetary support and near-zero borrowing costs [1] Group 1: Interest Rate Changes - The short-term interest rate has been increased from 0.5% to 0.75%, marking the first rate hike since January, with the decision made unanimously [1] - Future interest rate adjustments will be based on inflation and wage data, with a focus on achieving inflation targets [1][10] Group 2: Economic Considerations - The central bank's policy adjustments will depend on economic, price, and financial conditions, with updates provided at each meeting [2] - The neutral interest rate remains unclear, and the bank will observe economic and price responses to short-term rate changes [3] Group 3: Monetary Support and Economic Conditions - Monetary support will consider actual interest rates, credit conditions, and economic developments, with the current rate still below the estimated lower bound of the neutral rate [4] - The recent depreciation of the yen may exert upward pressure on prices and affect potential inflation [5] Group 4: Wage Growth and Future Rate Hikes - Strong wage growth momentum could open the door for further rate hikes, with initial signs of positive wage negotiations for the coming year [6] - The central bank's policy decisions will depend on available information regarding the gap between policy rates and neutral rates [7] Group 5: Assessment of Economic Policies - The impact of "Abenomics" is still being evaluated, with the central bank aiming for a smooth landing despite potential side effects [8] - The actual interest rates on Japanese government bonds remain significantly negative, indicating ongoing challenges in the economic landscape [9]