Bank of Japan Official Signals Gradual Interest Rate Hikes

In a recent speech, Bank of Japan Board Member Naoki Tamura expressed a desire to continue raising interest rates gradually as the bank seeks policy normalization, following its first rate increase since 2007. Tamura emphasized the importance of carefully managing monetary policy to ensure steady progress in normalizing the extraordinary monetary easing. His remarks underscore the central bank's commitment to gradually adjusting interest rates as part of its efforts to stabilize the economy and financial markets.