BOJ must take into account Japan's low real rates in setting policy, governor Ueda says
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WASHINGTON, April 16 : Bank of Japan Governor Kazuo Ueda said on Thursday the central bank must take into account the fact that Japan's real interest rate is low, when deciding how soon to raise interest rates. Japan is facing rising inflation from a "negative supply shock," which is more difficult to rein in with monetary policy than inflation driven by strong demand, Ueda said. The best approach to such a shock would vary from country to country, Ueda told a press conference after attending
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