BOJ policymaker calls for timely rate hike to manage inflation
Cătălin Roșioru
MATSUYAMA, Japan, Feb 6 : The Bank of Japan must raise interest rates in a timely fashion to prevent underlying inflation from surpassing its 2 per cent target, central bank board member Kazuyuki Masu said on Friday, keeping alive the chance of a near-term rate hike. Masu said he believes Japan's underlying inflation remains below 2 per cent but is "drawing very close" to that level, as companies and households shed their deep-rooted deflationary behaviour. "I am convinced that continuing with
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