Bank of Japan policymaker Toichiro Asada pushed back against calls for a near-term interest rate hike on Thursday afternoon, warning that premature tightening could stifle growth in Japan.
BOJ Asada Warns Against Rate Hikes
Bank of Japan policymaker Toichiro Asada cautioned against near-term interest rate hikes during a speech in Nagasaki. He argued that premature tightening could harm economic growth and weigh on underlying inflation.
