The Bank of Japan's committee has differing opinions on when to raise interest rates

ChainCatcher News, the summary of opinions from the Bank of Japan's December meeting shows that policymakers are divided into two camps: one favors taking more time to carefully study the data, while the other believes the conditions for raising interest rates are ripe. "Although there is still uncertainty in the overseas economy, the Japanese economy is in a position to adjust the degree of monetary easing," one committee member said. "The central bank may decide to raise the policy interest rate in the near future. But at this point, it is necessary to remain patient and monitor the uncertainties in the U.S. economy until these uncertainties dissipate," another committee member stated. (Jin Shi)