But he has remained mum on how far the BOJ could eventually raise rates. Hawkish policymaker Naoki Tamura is the only one in the nine-member BOJ board who has specifically mentioned that the bank ...

Bank of Japan (BoJ) board member Naoki Tamura is back on the wires, via Reuters, clarifying his earlier remarks on the central bank’s interest rate. Not saying that neutral rate should be 1%.

In a speech to business leaders in Nagano prefecture in central Japan, Naoki Tamura said that the central bank should raise rates to 1% or higher in the fiscal half starting in October.

The remark by the policymaker Naoki Tamura came after the BOJ lifted its key short-term rate from 0.25 percent to a 17-year high of 0.5 percent late last month. With upside risks to prices ...