BOJ should wait at least six months for rate hike, says key opposition leader

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TOKYO : The Bank of Japan should wait for at least six months before hiking interest rates, until there are signs of sustainable wage gains above inflation, the head of the opposition party that the ruling LDP is courting for support said".

FILE PHOTO: People walk in front of the Bank of Japan building in Tokyo, Japan January 23, 2024.

Tamaki's party, which is in cooperation talks with the LDP, saw its seat count in the lower house jump to 28 from seven on a platform calling for a cut to the country's sales tax, income tax and an increase in welfare benefits.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapanMali

Topics: Support Need Head Opposition Tamaki People Tokyo 2024 Japan Party Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 17:31:59 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 226 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 17 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23362839

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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