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 October meeting minutes reveal a debate among policymakers regarding the necessity of raising interest rates to a neutral level, with some members believing it would support long-term stable growth, while others express concerns about the impact of a declining yen on import costs and inflation [1] Group 1: Interest Rate Decisions - The Bank of Japan maintained the interest rate at 0.5% during the October meeting, but Governor Kazuo Ueda signaled a strong possibility of future rate hikes [1] - Hawkish members Takeda and Tamura opposed the current rate, advocating for an increase to 0.75% [1] - In December, the Bank of Japan raised the interest rate to 0.75%, marking a 30-year high [1] Group 2: Economic Conditions and Uncertainties - Many committee members believe the conditions for raising interest rates are now mature, but uncertainties regarding the impact of U.S. tariff increases remain a concern [1] - There is a desire for clarity on whether companies will continue to raise wages in the coming year [1] - The uncertainty surrounding the policy direction of the new government led by Prime Minister Fumio Kishida, who took office shortly before the October meeting, is also cited as a reason for maintaining the status quo [1]