日本央行会议纪要：即便12月已加息 委员仍就进一步加息必要性展开讨论

Core Viewpoint - The Bank of Japan's December monetary policy meeting minutes indicate discussions among policymakers regarding the necessity of further interest rate hikes to combat future inflation pressures [1][3]. Group 1: Interest Rate Changes - On December 18-19, the Bank of Japan raised the policy interest rate from 0.5% to 0.75%, marking a 30-year high [1][3]. - This increase signifies the end of decades of large-scale monetary easing and the near-zero interest rate era [1][3]. Group 2: Inflation and Policy Considerations - Several members of the policy committee believe that the current policy interest rate, when adjusted for inflation, remains significantly negative [1][3]. - One opinion highlighted that the policy rate is still far from neutral levels, suggesting that the Bank of Japan should maintain a rhythm of rate hikes every few months [1][3]. Group 3: Currency and Long-term Rates - There are concerns that the weakening of the yen and rising long-term interest rates are partly due to the policy rate being too low relative to inflation levels [2][4]. - It was noted that timely adjustments to the policy rate could help curb future inflation pressures and also assist in controlling the rise of long-term interest rates [3][5].