According to Odaily, Naoki Tamura, a member of the Bank of Japan's policy board, stated that the central bank must raise interest rates to a nominally neutral level, which is at least around 1%. He emphasized that a 0.75% rate is effectively still a negative rate. The Bank of Japan plans to increase the interest rate to approximately 1% by the second half of the 2025 fiscal year. Additionally, the bank anticipates achieving its inflation target during this period.