Bank of Japan's Tamura: Inflation may exceed expectations, further rate hikes should be considered as soon as possible

【BitTui】Japanese Central Bank deliberative committee member Naoki Tamura said on Wednesday in Fukushima Prefecture that the Japanese Central Bank should consider raising interest rates further as inflation may reach the target earlier than expected.

He said, “My basic idea is that the Central Bank will not have any preconceived analysis data and various information, but will timely and appropriately raise policy rates and adjust the degree of monetary easing according to the improvement of economic activities and prices, neither hastily nor slowly.” He believes that the speed of inflation may be faster than expected by the Central Bank of Japan, forcing the Central Bank of Japan to take decisive action in a globally uncertain situation.