Hawkish BOJ policymaker urges raising rates to at least 1%

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TOKYO :The Bank of Japan must raise interest rates to at least 1 per cent by the second half of the fiscal year beginning in April, hawkish board member Naoki Tamura said on Thursday, remarks that pushed up the yen as they reinforced bets of a near-term rate hike.

Inflationary risks were building up as companies continue to pass on rising raw material and labour costs, which required lifting the BOJ's policy rate to levels deemed neutral to the economy, he said.

But he said the BOJ must time its rate hikes carefully without any preconception given the potential impact on the Japanese public, who have long experienced ultra-low rates.

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Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Rate Rates Hike Bank Level Must Cent 2025 Interest Japan Tamura

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-06 @ 09:53:38 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 693 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 25918746

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