Japan Has Met 2% Inflation Goal and Should Raise Rates Toward Neutral, Tamura Says

A Bank of Japan policy board member said Japan has already achieved the central bank’s 2% inflation target and should raise interest rates toward a near-neutral level to prevent inflation from potentially exceeding the goal. According to Jin10, Naoki Tamura said policy needs to move rates closer to neutral in order to avoid the risk that inflation could rise above the 2% target.