Bank of Japan officials disagree on timing of interest rate increases, split between controlling inflation and supporting economy.

The Bank of Japan (BOJ) showed internal disagreement over when to increase interest rates, according to a summary of discussions from October. Some officials believed a rate hike could be necessary to control inflation, while others argued for maintaining current rates to support the economy. The split reflects the BOJ's challenge in balancing economic growth with rising prices.

November 11, 2024
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