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Incoming Bank of Japan head says merits of ultra-low rates exceed costs

Por: CNBC Business February 27, 2023

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Incoming Bank of Japan Governor Kazuo Ueda said on Monday the country's trend inflation must heighten significantly for the central bank to consider tightening monetary policy.The recent rise in Japan's consumer inflation is driven by cost-push factors rather than strong demand, warranting the BOJ to maintain ultra-loose policy, Ueda said.There's still some distance for Japan to see inflation sustainably and stably meet the... + full article



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