Reported 28 days ago
Naoki Tamura, a hawkish member of the Bank of Japan, has urged that interest rates should be raised to at least 1% by the latter half of the next fiscal year. His comments signify the first public mention of a target rate by a BOJ policymaker, indicating stronger odds for Japan to achieve its 2% inflation goal. Tamura emphasizes the need for a gradual increase in rates while observing its impact on the economy, expressing concern over rising inflation risks.
Source: YAHOO