Svmuu News: Toshihiro Nagahama, a private-sector member of Japan’s Council on Economic and Fiscal Policy: Bank of Japan (BOJ) Interest rates should continue to rise at a moderate pace.
Moderate Bank of Japan (BOJ) interest rate hikes are crucial for correcting the yen’s excessive depreciation.
Toshihiro Nagahama: “I personally believe that raising interest rates in June is appropriate, as delaying the hike would lead to excessive yen depreciation and harm households.” (Jinshi)