Central bank wary of weak yen and high crude prices lifting inflation

20261001N Ueda

Bank of Japan Gov. Kazuo Ueda named interest rates, bank lending and asset markets as three factors the central bank will watch in considering further rate hikes. (Photo by Sae Kamae)

SHIKO UEDA

October 2, 2026 02:36 JST

TOKYO — The Bank of Japan’s policy-setting board debated the need for additional rate hikes to adjust “accommodative” financial conditions, a summary of opinions from its September meeting released Thursday shows, signaling the central bank is closely monitoring interest rates and lending growth as it weighs monetary policy.