BoJ's Mizuno says rate hikes necessary - report

Atsushi Mizuno, a Bank of Japan policy board member, has said that raising interest rates is necessary to have some flexibility in managing monetary policy, Jiji Press reported.

Mizuno said that given the recovering economy, the normal level of interest rates should not be zero.

Asked what is the normal level of interest rates, Mizuno said he "does not feel so uncomfortable" even if interest rates reach 1.5 pct, but added that rates do not jump to that level immediately, Mizuno told a news conf

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