段階的な利上げ適当　円安や金融の過熱回避を―１月日銀議事要旨

　日銀は２５日、政策金利の０．５％程度への引き上げを決めた１月２３、２４両日に開いた金融政策決定会合の議事要旨を公表した。政策委員の一人は「物価の上振れリスクが膨らんでおり、金融緩和の度合いを適時・段階的に調整していくことが適当」と主張。また「円安進行や金融の過熱を避ける観点から（利上げが）必要だ」との意見もあった。
　会合では、委員の一人が「今後、賃上げと価格転嫁による物価上昇の循環が本格化していく」と指摘。２０２６年度にかけて２％の物価目標を持続的に達成するという日銀の見通しについて、多くの委員が「実現する確度が高まっている」との認識を共有した。（2025/03/25-11:01）

A Bank of Japan policymaker in January sought to raise interest rates gradually to address risks of higher prices, minutes of the central bank's monetary policy meeting released on Tuesday showed.
   The policymaker said that "risks to prices had become more skewed to the upside, and it was therefore appropriate for the bank to adjust the degree of monetary accommodation in a timely and gradual manner," according to the minutes of the Jan. 23-24 meeting.
   A policymaker told the meeting that "it would be necessary for the bank to adjust the degree of monetary accommodation from the viewpoint of avoiding the yen's depreciation and the overheating of financial activities, both of which appeared to be due to excessively high expectations of continued monetary easing," according to the minutes.
   At the meeting, BOJ policymakers voted to raise their short-term interest rate target to 0.5 pct from 0.25 pct.
   The minutes quoted a policymaker as saying "the cycle between wages and prices through the pass-through of wage hikes to prices was expected to become full-fledged."