One of the Bank of Japan’s leading advocates for unwinding monetary stimulus indicated the central bank might attain its long sought-after goal of reaching 2% inflation by early next year, a development that he said could pave the way for an interest rate increase.

“The achievement is finally and clearly within sight after a decade of large-scale monetary easing aimed at attaining it,” Naoki Tamura, the board member, said in a speech to local business leaders in Kushiro, Hokkaido Wednesday.

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