BOJ deputy governor Himino calls for 'timely' rate hike

BOJ deputy governor Himino calls for 'timely' rate hike URAWA, Japan, Aug 27 : Bank of Japan Deputy Governor Ryozo Himino said on Thursday raising interest rates in a timely manner will help avoid a spike in inflation that would require abrupt rate hikes in the future. "If underlying inflation deviates above our 2 per cent target, that would have an adverse impact on the economy. We should pay greater attention to upside risks to prices than in the past," Himino said in a speech to business leaders. "In-depth deliberations should be held at each monetary policy meeting with these perspectives in mind," he said.