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 further interest rate hikes as soon as possible, as inflation may reach the target earlier than expected.
He emphasized that the central bank should timely and appropriately raise policy interest rates based on improvements in economic activity and prices, adjusting the degree of monetary easing.
Naoki Tamura believes that the pace of rising inflation may exceed the Bank of Japan's expectations, forcing the central bank to take decisive action amid global uncertainties.