By bno – Taipei Office In a notable shift, Naoki Tamura, a hawkish policy maker at the Bank of Japan (BOJ), has publicly advocated for a significant increase in interest rates, suggesting that they should reach at least 1% by late 2025. This is the first time a BOJ board member has specified a target level for interest rates as part of the bank’s ongoing monetary tightening efforts, as reported by Reuters. Tamura’s call reflects growing confidence in Japan’s economic recovery, which he believes will support the BOJ’s inflation target of 2%. In a speech delivered to business leaders in Okayama,…