日本央行10月会议纪要：聚焦“薪资—通胀”循环，加息条件评估趋于成熟

Core Viewpoint - The Bank of Japan's recent discussions indicate a potential shift in monetary policy, with debates on whether to raise interest rates to a neutral level for long-term growth stability, while also considering the impact of a declining yen on import costs and inflation [1] Group 1: Interest Rate Decisions - In October, the Bank of Japan maintained the interest rate at 0.5%, but strong signals were given by Governor Kazuo Ueda regarding the possibility of future rate hikes [1] - The policy committee, consisting of nine members, showed a division in opinions, with some members advocating for an increase to 0.75% [1] - In December, the Bank of Japan raised the interest rate to 0.75%, marking the highest level in 30 years [1] Group 2: Economic Considerations - Many committee members believe the conditions for raising interest rates are now mature, but uncertainties regarding the impact of increased tariffs in the U.S. remain a concern [1] - There is a focus on whether companies will continue to raise wages in the coming year, which is a critical factor in the decision-making process regarding interest rates [1]