Bank of Japan board member Naoki Tamura said the central bank should consider further interest-rate hikes without delay, as inflation may reach its 2% target sooner than expected. “There is a good possibility that the price stability target will be achieved earlier than expected,” he told business leaders in Fukushima.
Tamura emphasized that policy should be adjusted “in a timely and appropriate manner… without haste or delay,” based on data and developments in economic activity and prices. He also warned that inflation could rise faster than BoJ forecasts, requiring decisive action despite global uncertainties. Known for his hawkish stance, Tamura dissented at the board’s June 16–17 meeting, opposing the plan to slow the pace of bond purchase reductions.
