Toshiro Asada: The Bank of Japan needs to be cautious about raising interest rates; rising interest rates may suppress prices.

Bank of Japan policy board member Toshiro Asada stated that the central bank needs to be cautious about raising interest rates and pay close attention to their impact on the economy, as rising interest rates could suppress price trends. Asada believes that recent price increases may not be demand-driven, therefore the pace of rate hikes needs to be carefully considered when proceeding with policy rate increases. (Source: Jinshi Data) At the September policy meeting, Toshiro Asada was one of the two members who voted against the rate hike. If the Bank of Japan raises interest rates again in the future, disagreements may arise within the policymaking body.