Japan's PM hopeful Takaichi urges BOJ to avoid raising rates

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TOKYO : Sanae Takaichi, Japan's minister in charge of economic security and a leading candidate in the ruling party's leadership race, said on Friday the central bank should not raise interest rates yet as the economy is on the cusp of emerging from stagnation".

A majority of economists polled by Reuters expect the BOJ to raise rates again this year with more than three-quarters of them betting on a December hike.

The LDP will choose a new leader on Sept 27, with the winner due to take over as prime minister due to the party's majority in parliament.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Cent Takaichi Charge Economy Rates Inflation Japan Party Candidate Minister

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-14 @ 11:52:27 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 468 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 22504450

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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Year Established: 1999

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News Last Updated: 4 hours ago

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