El Banco de Japón está dividido sobre calendario de subidas de tasas, muestra resumen de octubre from

Bank of Japan divided over timing of rate hike, October summary shows

Summary of proceedings shows some members of the BOJ see need to hike rates in '23 or '24

BOJ Governor Kuroda says premature rate hike would hurt economy

The Bank of Japan (BOJ) is divided over the timing of a potential rate hike, according to the summary of opinions from the October policy meeting released on Tuesday. Some members of the BOJ's policy board said that a rate hike may be necessary in 2023 or 2024, while others argued that it is too early to consider raising rates. BOJ Governor Haruhiko Kuroda has repeatedly said that a premature rate hike would hurt the economy, and that the central bank will maintain its ultra-loose monetary policy until inflation is stably above the BOJ's 2% target. At the October meeting, the BOJ kept its key interest rate unchanged at -0.1%. The central bank also decided to continue its quantitative easing program, under which it purchases large amounts of government bonds in order to keep interest rates low. The BOJ's next policy meeting is scheduled for December 19-20. In the summary of opinions, some members argued that the BOJ should consider raising rates in 2023 or 2024 in order to prevent inflation from rising too high. However, other members said that it is too early to consider raising rates, and that the BOJ should continue to focus on supporting the economy. The summary of opinions also showed that the BOJ is concerned about the impact of the global economic slowdown on Japan's economy. Some members said that the BOJ should be prepared to take additional easing measures if the global economy worsens. Overall, the summary of opinions from the October policy meeting shows that the BOJ is still divided over the timing of a potential rate hike. The central bank is likely to continue to monitor the economic data closely before making any decision on raising rates.