BOJ debated need for more rate hikes, March meeting summary shows
Business
TOKYO, March 30 : Bank of Japan policymakers debated further rate hikes, with some flagging the chance of steady or faster-than-expected increases as the Middle East war drives up oil costs and stokes inflation, a meeting summary showed on Monday. Broadening cost pressures from high oil prices could cause economic stagnation accompanied by price rises, or the kind of stagflation Japan experienced in the 1970s, one member said at the BOJ's March policy meeting. While the BOJ should avoid hasty
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