Bank of Japan's Tamura Advocates for Interest Rate Hike to 1% in FY25

In a significant announcement that could reshape Japan’s monetary policy landscape, Bank of Japan (BOJ) official Shinichi Tamura has put forward the argument for an interest rate adjustment, advocating for a target of at least 1% in the latter half of fiscal year 2025. This statement has ignited discussions among economists and market watchers who are keenly observing Japan's continued struggle with economic growth and inflationary pressures.

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