Takaichi Adviser Says October Too Early for BOJ Rate Hike

Sanae Takaichi's economic adviser has stated that an interest rate hike by the Bank of Japan (BOJ) in October would be too early, following the formation of Takaichi's administration. The adviser suggests that a rate hike would be better timed in December. The article highlights the timing of a potential BOJ rate hike as a concern for Takaichi's administration, which is newly formed. The adviser's comments suggest that the administration would prefer a rate hike to be implemented in December, rather than in the immediate aftermath of the administration's formation in October. The article does not provide further details on the reasons for the adviser's preference or the potential impact of a rate hike on the administration's policies. However, it suggests that the timing of the BOJ's monetary policy decisions is an important consideration for Takaichi's economic team as they establish their agenda.