TOKYO: The Bank of Japan will likely consider raising interest rates at each upcoming meeting, according to a new book by former bank chief Haruhiko Kuroda, who supported his successor's current push to unwind a decade of extremely loose monetary policy.
Kuroda's views contrast with those of his former deputy Masazumi Wakatabe, whose book published in September warned against premature rate hikes and urged policymakers to stay focused on boosting demand.
The remarks show a divergence in policy thinking between Kuroda, who took part in the monetary leg of former premier Shinzo Abe's "Abenomics" reflationist policies, and Wakatabe who, together with Prime Minister Sanae Takaichi, focuses on preserving the legacies of Abenomics.
