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Naoki Tamura predicts tightening of policy as economy improves
A member of the Bank of Japan’s policy board has said it is likely to raise its policy rate as the economy improves and inflation edges towards the bank’s target.
Naoki Tamura said in a speech today (June 25) that he believed the BoJ would tighten policy because real interest rates were at a “significantly low” level. He said the bank would need to act as inflation approached its 2% target, notwithstanding the “heightened uncertainties”.
Tamura said inflation data from March and the BoJ’s economic
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