BoJ sets stage for a rate hike before hitting its 2% inflation target – MNI

MNI carries a story on Thursday, as quietly conveyed by the message in the Bank of Japan (BoJ) monetary policy statement issued last month, citing that the Japanese central bank id officially setting the stage for raising the interest rates before achieving its 2% inflation target.

Key Highlights:

There is no immediate need to "normalize “the BoJ’s large-scale monetary easing.

BoJ "has normalized its view on how it should conduct monetary policy" because a majority of the nine-member policy board is paying more attention to the costs of prolonged easing.