The Bank of Japan should lift interest rates closer to levels deemed neutral to the economy given mounting inflationary pressures, hawkish board member Naoki Tamura said on Thursday. The remarks increase the likelihood that Tamura, who unsuccessfully proposed raising interest rates to 0.75 per cent from 0.5 per cent in September, will do so again at the next policy meeting on October 29-30. Given there are both upside and downside economic risks, the BOJ does not need to immediately raise

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