Japan Economic and Fiscal Advisory Council Private-Sector Member: Bank of Japan Should Continue Raising Rates at a Moderate Pace

Odaily Odaily News: Private-sector member of the Japan Economic and Fiscal Advisory Council, Nagahama Toshihiro: The Bank of Japan should continue raising interest rates at a moderate pace.

Moderate rate hikes by the Bank of Japan are crucial for correcting the excessive depreciation of the yen.

Nagahama Toshihiro: I personally believe that a rate hike in June would be appropriate, as delaying it would lead to excessive yen depreciation and harm households. (Jin Shi)