Hawkish BOJ policymaker calls for rates to rise to at least 1%
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OKAYAMA, Japan :The Bank of Japan must raise interest rates to at least 1 per cent by late next year, hawkish policymaker Naoki Tamura said on Thursday, reinforcing the bank's resolve to persist with steady monetary tightening. It was the first time a BOJ policymaker publicly specified a level the central bank should eventually target in pushing up short-term borrowing costs. Tamura said the likelihood of Japan's economy sustainably achieving the BOJ's 2 per cent inflation was improving, which
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