BOJ rate hike timing secondary to economy says Wakatabe
Former official Masazumi Wakatabe says economic readiness is more vital than rate hike timing. He noted that weak sentiment persists despite better consumption.
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Former Bank of Japan Deputy Governor Masazumi Wakatabe said the economy's ability to withstand tighter policy is more critical than the specific timing of interest rate hikes. Wakatabe addressed a pro-spending bloc within the ruling Liberal Democratic Party on Thursday morning. His comments suggest that internal economic stability must precede any shift from the current 0.75% policy rate.
