Reported about 11 hours ago
Naoki Tamura, a key member of the Bank of Japan, emphasized the necessity of raising the short-term interest rate to at least 1% by the second half of fiscal 2025 to manage inflation risks. In a recent speech, he suggested that two or more hikes may be required and highlighted that the current rate of 0.5% remains insufficient. His comments contributed to speculation about potential rate increases, impacting the yen positively against the dollar.
Source: YAHOO