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BOJ chief sees progress in hitting price goal, signals further hikes
Bank of Japan Governor Kazuo Ueda said on Thursday the nation's underlying inflation is accelerating gradually and steadily approaching the central bank's 2 per cent target, reiterating the central bank's readiness to continue raising interest rates. He also preached the benefits of further rate rises, saying that adjusting the degree of monetary support will allow Japan to smoothly achieve 2 per cent inflation and long-term economic growth. "Given that real interest rates are very low, the BOJ will continue to raise interest rates in accordance with improvements in the economy and prices," if its baseline scenario ... (full story)
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