Bank of Japan board member: interest rates must be raised to a level that is considered neutral in nominal terms, at least around 1%

Odaily Odaily News reports that Bank of Japan Policy Board member Naoki Tamura: The Bank of Japan must raise interest rates to a level that is nominally considered neutral, which would require at least around 1%. An interest rate of 0.75% is still effectively a negative interest rate. The Bank of Japan must raise interest rates to around 1% at least in the second half of fiscal year 2025. (<金十>)