Per Woofun AI, the Bank of Japan's summary of its June policy meeting indicates that the central bank maintains a stance conducive to further rate hikes, contingent on economic and price developments aligning with projections. Several committee members emphasized that despite the recent rate increase, the current accommodative financial environment remains excessive given the inflationary pressures exacerbated by rising import costs due to exchange rate fluctuations.

Concurrently, some members argued that the policy rate should gradually converge toward a neutral level of approximately 2%. They noted that if economic indicators continue to meet the Bank of Japan's expectations, the possibility of additional tightening measures remains viable.

Meanwhile, the government has urged the central bank to ensure accountability and respond appropriately to any emerging economic fluctuations.