Japan should gradually raise rates to around 1% – BoJ’s Tamura
Board member considers this to be country’s neutral interest rate
The Bank of Japan (BoJ) should raise its short-term interest rates to around 1% as early as October 2025, a board member has said.
Speaking at a conference in Okayama today (September 12), Naoki Tamura said Japan’s neutral rate should be at around 1%. He believed the BoJ should raise rates to this level during the second half of its current forecast period, which covers the fiscal years 2024 to 2026.
The fiscal year in Japan ends in March and starts in April, meaning the BoJ’s forecast period ends
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