India, Feb. 6 -- The Japanese yen strengthened against other major currencies in the Asian session on Thursday, as the Bank of Japan board member Naoki Tamura hinted about possible interest rate increases.
Speaking at an event in Nagano, BOJ's Tamura said interest rates could rise from 0.5 percent to 1 percent in the second half of 2025. Considering 1 percent to be a neutral rate, he underlined the necessity of modest rate increases to ascertain the ideal level for Japan's economy.
In January, the BOJ raised interest rates by 25 basis points to 0.5%, pointing to rising consumer expenditure and wages as the main causes of inflation. As it keeps an eye on the state of the economy, the central bank expects more rate increases.
Tamura expres...