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Naoki Tamura

Naoki Tamura

BOJ Policy Board Member

Appears in 1 story

Notable Quotes

Tamura signaled inflation could reach 2% sooner than the BOJ baseline implies. — Reuters summary (Dec. 19, 2025)

Stories

BOJ pushes rates to 0.75%: Japan’s “free money” era starts getting expensive

Rule Changes

Hawkish on inflation timing; vocal on balance-sheet normalization pace

Japan's shift away from ultra-easy money is now colliding with the currency market. After raising rates to 0.75% on December 19, 2025, Governor Kazuo Ueda stressed real rates remain 'very low' or negative and the BOJ will pace tightening while responding flexibly to exceptional long-term yield moves.

Updated Yesterday