BOJ board member Takata said the bank should flexibly raise interest rates after assessing domestic financial conditions and overseas developments. He urged shifting away from the current stance that promotes higher potential inflation and said the BOJ should demonstrate determination to prevent inflation from deviating upward from expectations. Takata was the lone dissenter in July when the BOJ left the short-term rate at 1%; he had advocated raising it to 1.25% to counter inflation risk from e

BOJ board member Takata said the bank should flexibly raise interest rates after assessing domestic financial conditions and overseas developments. He urged shifting away from the current stance that promotes higher potential inflation and said the BOJ should demonstrate determination to prevent inflation from deviating upward from expectations. Takata was the lone dissenter in July when the BOJ left the short-term rate at 1%; he had advocated raising it to 1.25% to counter inflation risk from external demand shocks.