Ex BoJ's Fujiwara says rate rise needed

The Bank of Japan should raise interest rates before the current rock-bottom rates trigger an asset bubble in the economy, a former BOJ deputy governor said on Monday 19 February in an interview with Reuters.

"If (interest rates) are left as they stand now, as Japan's financial markets are in the process of normalisation, we can imagine that something bubbly could happen before it returns to normal," Fujiwara told Reuters in an interview.

"A rate hike would be hard for some companies to bear,

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