- No preset idea on the pace of further rate hikes
- But unlike US and Europe, rate hikes are likely to be slow for Japan
- Exact timing on when rates can reach 1% will depend on economic, price conditions at the time
- Data so far shows economy moving in line with forecast from July meeting
Tamura earlier called to push short-term rates to 1% by the fiscal year 2026 here. But he is toning that down a little, it would seem. Anyway, he is dubbed as the most hawkish among the board members at the BOJ. So, there is that to consider when viewing his policy remarks.
