BOJ Sato Signals Support for Gradual Rate Hikes
Bank of Japan policymaker Ayano Sato expressed support for future interest rate hikes in stages. Although she dissented in September due to weak consumption, she notes inflation is approaching the two percent target.
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Ayano Sato, a policymaker at Japan's central bank, signaled support for raising interest rates in stages during a Wednesday interview. Sato was one of two dissenters who voted against the board's rate hike in September. Her shift eases investor concerns over prolonged monetary easing under Prime Minister Sanae Takaichi.
