BoJ reinstates mention of "virtuous cycle"; Takata proposes successive rate hike
Key points
- BoJ maintains policy rate at 0.75%; Takata makes surprise call for another rate hike
- Renewed use of "virtuous cycle" symbolizes Outlook Report's shift to more hawkish tone
- Shift to more expansionary fiscal policy by Takaichi cabinet would likely heighten BoJ's concerns about upside risks to inflation
