Rate hikes needed every few months, hawkish BOJ board member says (opens original article in a new tab)

A hawkish Bank of Japan board member advocates for frequent interest rate hikes toward a 2% neutral level, citing inflation risks and geopolitical factors, while the central bank maintains its rate increase strategy without clear timing for next moves.

• Bank of Japan board member Naoki Tamura suggests raising interest rates every few months toward a 2% neutral rate
• Tamura indicates possible rate hikes earlier than expected but unlikely in July without inflation risks
• Tamura highlights Middle East conflict as a factor that could accelerate rate hikes
• BOJ Governor Kazuo Ueda maintains stance on rate increases without specifying next move