Low Bar For More BOJ Rate Hikes, Says MUFG's Halpenny

MUFG Bank Head of Research Derek Halpenny says there's a low bar for further rate hikes from the Bank of Japan, after the central bank hiked rates on Wednesday, a move expected by only about 30% of BOJ watchers. He says the bank and Governor Kazuo Ueda want to send a strong signal to the market that they're tackling inflation in Japan, to install confidence that inflation will come down and support real incomes. He spoke on Bloomberg Brief with Dani Burger and Manus Cranny.