HKT economist correspondent 7th exclusive news: Aya Sato, regarded as a dovish member of the Bank of Japan's Policy Board, stated her support for gradual rate hikes, reflecting that even dovish members recognize the necessity of addressing inflation risks.
Sato was appointed by Prime Minister Sanae Takagi and joined the nine-member central bank policy board in June this year. She was also one of the two members who voted against the Bank of Japan's rate hike decision in September.
In an interview, Sato said her vote against the rate hike last month was due to weak consumer momentum and core inflation not yet accelerating. However, "current financial conditions remain relatively accommodative, and I support gradually adjusting interest rates." She added that the appropriate timing for future rate hikes will depend on the trends in consumption and income. (yc)
Sato was appointed by Prime Minister Sanae Takagi and joined the nine-member central bank policy board in June this year. She was also one of the two members who voted against the Bank of Japan's rate hike decision in September.
In an interview, Sato said her vote against the rate hike last month was due to weak consumer momentum and core inflation not yet accelerating. However, "current financial conditions remain relatively accommodative, and I support gradually adjusting interest rates." She added that the appropriate timing for future rate hikes will depend on the trends in consumption and income. (yc)
