BoJ’s Tamura: Not saying that the neutral rate should be 1%

Bank of Japan (BoJ) board member Naoki Tamura is back on the wires, via Reuters, clarifying his earlier remarks on the central bank’s interest rate.

Key quotes

Not saying that neutral rate should be 1%.

Difficult to specify terminal rate at this point.

Will try to find where neutral rate should be while examining how economy prices respond to rate hikes.