Bank of Japan official Tamura said raising rates every few months is important. Another board member said that policy rate could move closer to 2 percent soon. The BOJ also said it will watch FX moves that reflect fundamentals. The comments suggest one gradual tightening path.
Investors are watching inflation following bonds and precious metals reacted. Gold slipped to a seven‑month low as the dollar rose on expectations of further Fed tightening. Mortgage rates hovered near 6 percent, reinforcing expectations of higher policy costs. Markets are adjusting to tighter financing conditions.