The board member reiterated that she didn't have any specific pace in mind for pushing up rates when asked about the possibility of a hike in October.
Bank of Japan board member Junko Koeda has warned against too much caution over raising interest rates, in comments that suggest the central bank is firmly on track to hike borrowing costs again in the coming months after accelerating the pace of normalization. The yen was largely unchanged after her speech and news briefing at around ¥158 per dollar Thursday afternoon. That was still stronger compared with ¥158.95 overnight following data that showed an acceleration of inflation in the United States.
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