BOJ not under pressure to accelerate rate hikes at pace that is seen in western countries

Minutes post is here:

• Bank of Japan January meeting minutes - rising likelihood of hitting inflation target

Just noting what is an important point made by 'some members' (of the policy board):

• BOJ is not under pressure to accelerate rate hikes at pace that is seen in western countries

Yep, the rapid cycle of rate hikes seen elsewhere seems very, very unlikely to be seen in Japan. At present October is viewed as the next likely rate hike.

USD/JPY popping in that headline crossing.