Bank of Japan member: Inflation meets target or exceeds expectations, should consider raising interest rates as soon as possible

According to a report by Golden Finance, Naoki Tamura, a member of the review committee of the Bank of Japan, stated in a speech to business people in Fukushima Prefecture on Wednesday that the Bank of Japan should consider further interest rate hikes as soon as possible, as inflation may reach its target earlier than expected. He said, "My basic idea is that the central bank will analyze data and various information without any preconceptions, and timely and appropriately raise policy interest rates and adjust the degree of monetary easing based on the improvement of economic activity and prices, without haste or delay." He believes that the rate of inflation may rise faster than the Bank of Japan's expectations, forcing the Bank of Japan to take decisive action in the face of global uncertainty.