Former central bank officials issue interest rate warning: Bank of Japan's current interest rate peak may exceed 2%, and the pace of interest rate hikes could suddenly accelerate.

Widget Finance APP learned that a former Bank of Japan official stated that the Bank of Japan may accelerate its rate hikes later this year and ultimately raise the benchmark interest rate to over 2%, as the central bank is urgently trying to contain almost runaway inflation. Tsutomu Watanabe, a professor of economics at the University of Tokyo who left the Bank of Japan in 1999, said in an interview with the media on Wednesday: "I believe that the peak interest rate will be higher than what most people currently expect." "The final interest rate will be around 2%, or possibly slightly higher than 2%."