BoJ Summary of Opinions from September meeting noted one member said it's appropriate to continue raising rates in accordance to the economy, price and financial developments

Member said the policy phase has shifted and the BoJ must focus on keeping underlying inflation anchored around 2%. Member said the BoJ must respond flexibly and demonstrate to markets its determination to prevent an inflation overshoot while staying mindful of FX-market effects. Member said the BoJ must accelerate rate hikes if signs emerge of an inflation overshoot. Member said the BoJ must raise rates towards the terminal level early so it can react quickly to unexpected economic and price developments. Member said there is no need to hurry rate hikes but policy must be steered appropriately as underlying inflation is likely to reach 2% soon. Member said the BoJ should not be excessively cautious in raising rates given meaningful upside risks to inflation. Member said the terminal rate could move above the BoJ's estimated range and market expectations depending on overseas developments. Member said most firms believe the effect of past and additional rate hikes will be limited. Member said financial conditions continue to remain accommodative. Cabinet Office representative said the government expects the BoJ to meet its accountability obligations regarding its decisions and closely assess the cumulative impact of past rate hikes. Cabinet Office representative said the BoJ may need to factor its neutral-rate estimates into consideration.