# BOJ Minutes Show Rate Hike Debate

> BOJ policymakers debated faster rate hikes and neutral rate targets in September minutes.
- Title: BOJ Minutes Show Rate Hike Debate · Brecorder | Shortify
- Summary: BOJ policymakers debated faster rate hikes and neutral rate targets in September minutes. Bank of Japan minutes reveal debate over accelerating interest rate…
- Keywords: boj, interest rate, neutral rate, terminal rate, inflation, crude oil prices, weak yen, december hike, pakistan, Brecorder
- Source: Brecorder — https://brecorder.com/news/40447527/boj-debated-need-for-more-rate-hikes-scope-for-faster-moves-september-minutes-show
- Author: Reuters
- Published: 2026-11-05T03:17:25+00:00
- Read time: 1 min
- Topics: boj, interest rate, neutral rate, terminal rate, inflation, crude oil prices, weak yen, december hike, business, money, pakistan
## BOJ September Minutes
Bank of Japan policymakers saw need to keep raising interest rates with some signalling chance of faster increases.
## Neutral Rate Debate
Board debated Japan's neutral interest rate and market pricing of the BOJ's terminal rate.
## Inflation Risks
Inflation risks from crude oil prices and weak yen drive rate hike discussions.
## Terminal Rate Targets
Market pricing of neutral and terminal rates rose amid inflation concerns.
## December Hike Expectations
Analysts project BOJ to raise policy rate to 1.5% in December.
## Neutral Rate Range
BOJ staff calculations place nominal neutral rate between 1.1% and 2.5%.
## Upcoming Executive Speeches
BOJ Governor Ueda and dissenting member Asada to speak on November 12.
## Key takeaway

Bank of Japan minutes reveal debate over accelerating interest rate hikes and neutral rate targets amid inflation risks.