Interview: BOJ to raise rates every 3 months, policy rate to reach 2% next June — former BOJ board member Sakurai Makoto (桜井真)

The story

Former Bank of Japan Policy Board member Sakurai Makoto (桜井真) said he expects the BOJ to continue raising interest rates every 3 months. He also said he believes the policy rate will reach 2% by June next year. The interview was reported by Reuters.

Sakurai Makoto (桜井真)'s comments indicate his view on the future direction of the BOJ's interest-rate policy and include specific figures regarding the pace of rate hikes and the timing of reaching the target.

This matter concerns information published as the content of a Reuters interview, contains no summary or commentary on articles from other media, and reports only the facts of the remarks.

At a glance

Position of speakerFormer Bank of Japan Policy Board member Sakurai Makoto (桜井真)

Policy outlookThe Bank of Japan is expected to continue raising interest rates every 3 months

Timing of reaching targetThe policy rate is expected to reach 2% by June next year

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