Report: The inflation risk signal from the Bank of Japan is stronger than the Federal Reserve.

Naomi Fink of Okumyo Asset Management commented that the inflation risk signal from the Bank of Japan seems much stronger than the statement from the Federal Reserve. She pointed out that while both explicitly mentioned geopolitical risks, the Bank of Japan specifically noted the upward pressure on consumer price index from rising oil prices. The Bank of Japan also emphasized that in addition to the CPI possibly being in line with the target for price stability, inflation expectations are also rising. She believes that the tightening policy stance of the Bank of Japan is due to various input factors rather than a change in guidance. Fink stated that the Bank of Japan's statement supports her view that there is a risk of falling behind the situation if policies are not adjusted, but the statement does not currently suggest an acceleration of the pace of interest rate hikes.