BOJ’s Hawkish Member Eyes Steady Rate Hikes for Normalization
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Bank of Japan Board Member Naoki Tamura signaled his desire to gradually keep raising interest rates as the bank further pursues policy normalization after raising rates last week for the first time since 2007.
“The handling of monetary policy is extremely important from here on for slow but steady progress in normalization to fold back the extraordinarily large-scale monetary easing,” Tamura said Wednesday in a speech to local business leaders in Aomori, northeastern Japan.