The remark by the policymaker Naoki Tamura came after the BOJ lifted its key short-term rate from 0.25 percent to a 17-year high of 0.5 percent late last month.

BOJ board member Naoki Tamura hinted that the central bank must push up short-term rates to at least around 1% through fiscal 2026 to stably achieve the 2% inflation target.

OKAYAMA--The Bank of Japan must raise interest rates to at least 1% as soon as the second half of next fiscal year, hawkish policymaker Naoki Tamura said on Thursday, reinforcing the bank's ...