BOJ will hold off rate hikes until March due to US tariff hit, ex-policymaker says
Mihaela Păun
TOKYO :The Bank of Japan will likely hold off raising interest rates again until at least next March to assess the damage that U.S. tariffs could inflict on the economy, former central bank policymaker Makoto Sakurai said on Wednesday. U.S. President Donald Trump on Monday ramped up his trade war by notifying 14 nations, including Japan, that they now face higher tariffs from a new deadline of August 1. The hit to exports and a lack of progress in Japan's trade negotiations with Washington will
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