日本银行在上月政策会议的意见摘要中确认，其政策重点已转向防止通胀超过目标。会议期间，该行将政策利率上调至1995年以来的最高水平。
The Bank of Japan affirmed that its policy focus has shifted to preventing inflation from overshooting its target, in a summary of opinions from last month’s policy meeting, when authorities raised the policy rate to the highest since 1995.
摘要没有披露上述言论由谁提出，但其中一名委员称，政策制定已进入一个新阶段，旨在防止通胀超过2%的目标。此前13年间，该行一直推动物价涨幅逐步向这一水平靠拢。
The summary, which doesn’t disclose who made the comments, noted that one member said authorities had entered a new phase of policymaking aimed at keeping inflation from exceeding the 2% target. That comes after 13 years in which the bank has sought to gradually lift price growth toward that level.
据周四公布的9月17日至18日会议意见摘要，另一位委员指出有必要实施政策，以避免通胀过高。
Another member cited the need to conduct policy to avoid excessive inflation, according to the summary from the September 17-18 meeting that was released Thursday.
日本银行行长植田和男领导的政策委员会以7比2的投票结果，决定将政策利率上调至1.25%。这是继6月上次加息三个月后再次加息，创下1990年以来两次加息间隔最短的纪录。
Governor Kazuo Ueda’s board voted 7-2 to raise borrowing costs to 1.25% at the gathering. The move came three months after the previous increase in June, making it the shortest interval between hikes since 1990.
日本银行可以通过意见摘要突出关键评论，而最新报告整体立场明显偏鹰，可能出自反对者的意见除外。委员们还指出，中性利率可能高于估算值，许多企业认为迄今加息带来的影响有限，宜尽早将基准利率提高至更高水平。该摘要可能进一步加剧市场对日本银行年内再次加息的猜测。
The summary of opinions allows the BOJ to highlight key comments, and the latest report appears consistently hawkish — apart from views likely made by dissenters. Among other comments, members noted that the neutral rate could deviate above the estimate, many firms see only limited impact of hikes taken so far and it’s desirable to bring the benchmark rate higher at an early stage. The summary is likely to boost speculation over another hike this year.
摘要公布前，掉期合约显示，交易员认为截至12月再次加息的可能性超过95%，而10月30日政策委员会下次设定政策时加息的可能性约为21%。
Before the release of the summary, swap contracts implied traders saw more than a 95% chance of another hike by December, with around a 21% chance of an increase when the board next sets policy on Oct. 30.
内阁府代表（很可能是经济政策大臣木内真澄）称，政策委员会应关注迄今已实施加息的影响。
A Cabinet Office representative, likely Minoru Kiuchi, economic policy minister, said the board should monitor the impact of rate hikes undertaken already.