According to a report by Jinshi Data, Naoki Tamura, a member of the Bank of Japan's Policy Board, stated during a speech in Fukushima Prefecture that the Bank of Japan should consider raising interest rates further as inflation might reach the target earlier than expected.
He emphasized that the central bank should timely and appropriately raise the policy interest rate and adjust the degree of monetary easing based on improvements in economic activity and prices.
Naoki Tamura believes that the pace of inflation may be faster than the Bank of Japan's expectations, forcing the Bank to take decisive action amid global uncertainties.