BOJ Board Member Noguchi Calls for ‘Measured, Step-By-Step Approach’ to Rate Hikes
Wall Street JournalThursday, May 22, 2025 at 4:23:00 AM
A key Bank of Japan policymaker, Asahi Noguchi, is urging a slow-and-steady approach to raising interest rates, emphasizing caution over speed. Instead of aggressive hikes, he’s advocating for incremental moves to avoid destabilizing the economy.
Editor’s Note: Japan’s economy has been in a weird spot for years—low growth, low inflation (until recently), and rock-bottom rates. Now, as global central banks pivot, the BOJ is under pressure to follow suit. Noguchi’s comments signal that Japan won’t rush into rate hikes, which could ease fears of market shocks but also hints at lingering economic fragility. For everyday folks, this means borrowing costs might stay lower for longer—good news for borrowers, less so for savers.
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