BOJ’s Tamura says pace of rate hikes is likely to be slow

• 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.

This article was written by Justin Low at www.forexlive.com.