BOJ Hawk Takata Urges Gradual Rate Rises

Bank of Japan board member Hajime Takata warned on Monday that policymakers must remain alert to an inflation overshoot and continue gradual interest-rate increases after Japan reached its 2% inflation target. Takata noted December's short-term policy rate hike to 0.75% and his rejected January push for 1.0%, saying rising inflation expectations and global stimulus could strengthen the yen and lift global bond yields, affecting emerging markets.