Global EconomyIMPORTANT
BoJ board member Sato says agrees on need for gradual adjustment to interest rates and does not think there should be a pre-set pace of rate hikes, according to Kyodo
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Sato backed gradual rate adjustment without a pre-set hiking pace, called for independent BoJ policy consistent with proactive fiscal policy, and cited upside price risks from oil costs.
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Says: BoJ must decide monetary policy independently in a way that is consistent with the administration's proactive fiscal policy. Risks to price outlook skewed somewhat to the upside due to rising oil costs from the Middle East conflict.
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