Former BOJ director Maeda says BOJ interest rate hike "will not stop at 1%"

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Former BOJ director Maeda says BOJ interest rate hike "will not stop at 1%"

At its January monetary policy meeting, the Bank of Japan raised its policy interest rate to 0.5%. In financial markets, with comments from senior Bank of Japan officials in mind, expectations are rising for the final target (terminal rate) of the policy interest rate. Maeda Eiji, a former Bank of Japan director and president of Chibagin Research Institute, believes that unless there is a significant deterioration in overseas economies or a furt…