A Bank of Japan board member said the country's financial conditions are "still considerably accommodative" relative to economic fundamentals, given the recent depreciation of the yen, signaling the need for more interest rate hikes, a summary of opinions showed Monday."The underlying trend in prices has been steadily approaching 2 percent, and it will be necessary for the bank to continue to adjust the degree of monetary accommodation at the appropriate time," the policymaker, whose name was not disclosed, said at the two-day policy meeting through Jan. 23.At the January meeting, the BOJ l…READ FULL ARTICLE
