BOJ debated further rate hikes in July, prompting hawkish shift

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TOKYO: Bank of Japan policymakers, in deciding a landmark increase in interest rates last month, discussed further rate hikes, a summary of the discussion showed on Thursday (Jul 8), prompting a hawkish shift that has contributed to global market turmoil.

That said, upside risks to prices require attention, since a rising number of industries have seen supply shortages and excess demand as a result of labor shortages," one board member said.

That was the first time a BOJ policymaker, even anonymously, has cited a specific level for Japan's neutral rate.

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Category: EconomyBusiness

Markets: SingaporeJapanMali

Topics: Cent Summary Policy Market July Japan Rates Rate Showed Board Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-08 @ 08:23:00 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 635 words

Reading Time: 4 minutes read

Sentences: 23 lines

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Copyright Owner: © Channel News Asia

News ID: 21976169

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