BOJ to raise rates by July on mounting price pressure, ex-board member says
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TOKYO, April 7 : The Bank of Japan will likely raise interest rates by July, as soaring oil costs from the Middle East war increase the risk it will fall behind the curve in dealing with mounting inflationary pressure, its former board member Seiji Adachi said on Tuesday. Underlying inflation has already hit the central bank's 2 per cent target, as seen in last week's "tankan" survey that showed corporate five-year inflation expectations hitting 2.5 per cent, said Adachi, who was a member of
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