Dovish BOJ policymaker urges pause in rate hikes on US tariff uncertainty

The Bank of Japan must hold off raising interest rates for the time being, its board member Toyoaki Nakamura said on Friday, warning of growing downward pressure on the economy from higher U.S. tariffs.

Nakamura, known as the most dovish member of the board, said the central bank must guide monetary policy “cautiously” with due attention to how extremely high uncertainty over U.S. trade policy could affect corporate and household activity.