Former BOJ executive Eiji Maeda said the Bank of Japan may continue raising
rates roughly every three months to prevent inflation from deviating from its
price-stability target. He expects the next hike in December and a further move
possibly in March or April, saying the current pace—about one hike every three
months—is appropriate and broadly consistent with market expectations. Maeda did
not rule out consecutive hikes at successive policy meetings if the yen plunged,
but judged that scenario unlikely now and warned back-to-back increases would
boost market expectations of further tightening and pose significant risks,
giving the BOJ reason to avoid consecutive-meeting hikes.
