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

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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".

A banknote of Japanese yen is seen in this illustration picture taken June 15, 2022.

He declined to comment on current currency levels but said currency interventions have only a short-term impact, although they could act as a deterrent to speculative moves.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapanMali

Topics: Cent Currency Interest Rates Monetary Tamaki Party Japan Japanese Short-term Policy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 17:31:59 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 392 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23364410

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