The minutes of the Bank of Japan meeting in June show that some members are calling for further interest rate hikes.

The summary of the Bank of Japan's June policy meeting released on Wednesday shows that some members of the Bank of Japan Policy Board are calling for further rate hikes to bring policy rates closer to what is considered a neutral level for the economy. One member was quoted as saying, "Unlike the United States and Europe, Japan's policy rates are still lower than the estimated range of neutral rates. It is necessary to quickly bring policy rates closer to neutral levels."