BOJ's Masu Urges Timely Rate Increases to Keep Underlying Inflation Below 2%
Bank of Japan board member Kazuyuki Masu said the central bank must raise interest rates in a timely manner to prevent underlying inflation from breaching the 2% target, while taking care not to choke off a nascent wage-price upturn. Speaking in Matsuyama, Masu said underlying inflation remains below 2% but is drawing close, and that further policy…