TOKYO :The Bank of Japan must be vigilant to the risk rising food prices could push up underlying inflation that is already near its 2 per cent target, Governor Kazuo Ueda said, signaling the central bank's readiness to continue its rate hikes. The BOJ keeps interest rates low as inflation expectations, or the public's perception on future price moves, stand between 1.5 per cent and 2 per cent - the highest in 30 years though still below its 2 per cent target, Ueda said in a speech at a BOJ-

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