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BOJ debated need for more rate hikes at September meeting, summary shows
TOKYO: Some Bank of Japan policymakers saw the need to accelerate the pace of interest rate hikes or bring them closer to the central bank’s “goal” soon, a summary of opinions at its September meeting showed on Thursday. Most of the opinions cited the need for followthrough of September’s rate hike with further increases in borrowing costs as inflationary pressure mounts. “If signs of an upward deviation in prices are observed, the Bank will need to accelerate the pace of rate hikes,” one member was quoted as saying. “It is desirable for the Bank to bring the policy interest rate closer to the...
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