TOKYO (Reuters) -Some Bank of Japan board members, at a policy meeting in July, called for resuming interest rate hikes in the future, even as the board decided unanimously to keep borrowing costs steady, minutes of the July gathering showed on Thursday.
“The BOJ’s policy rate is lower than the level deemed neutral, with prices remaining relatively high and the output gap being around zero recently,” one member said.
“In such a situation, it’s appropriate for the BOJ to return the policy rate to its neutral level where possible,” the member said.
(Reporting by Leika Kihara; Editing by Muralikumar Anantharaman)
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