The BOJ’s board is split on how quickly to raise rates, a December Reuters summary showed

TOKYO (Reuters) – Bank of Japan policymakers were divided between those who preferred to spend more time poring over data and those who saw the conditions for raising interest rates building, a summary of opinions at the bank’s December meeting showed.

“Although there are uncertainties regarding overseas economies, the Japanese economy is in a state where the degree of monetary adjustment can be adjusted,” one member was quoted as saying in a summary published on Friday.

“The bank will probably decide to raise the benchmark interest rate in the near future. But at this point it is necessary to be patient and monitor the uncertainties surrounding the US economy until these uncertainties subside,” another opinion showed.