BOJ’s most hawkish member calls for rate hike amid price risks
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Bank of Japan board member Naoki Tamura called for raising interest rates as he sees increasing upside inflation risks, a view that’s consistent with his stance last month when he dissented from keeping policy steady. "I believe that the bank is now in the phase of deciding on raising its policy interest rate,” Tamura said Thursday in a speech to local business leaders in Okinawa. "Thereby adjusting the degree of monetary accommodation and setting the rate a little closer to the neutral
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