A Bank of Japan board member on Thursday called for interest rates to be raised to avoid future distortions, saying current levels are "significantly low" when taking into account inflation."I believe that the bank needs to proceed with interest rate normalization -- that is, to return real interest rates to a state of equilibrium -- so as to avoid creating unintended distortions in the future," Junko Koeda said in a speech in Niigata.Koeda's remarks came as some market participants believe it has become difficult for the central bank to pursue a rate hike cycle under the government of Prim…READ FULL ARTICLE
