HIROSHIMA: The Bank of Japan must move cautiously in raising interest rates as consumption remains weak and small firms may struggle to keep increasing wages, a dovish board member said on Thursday (Dec 5), highlighting uncertainty over the chances of a hike this month. Toyoaki Nakamura, who did not back the BOJ's decision to raise rates in July, emphasised the risk that inflation may miss the central bank's 2 per cent next fiscal year and beyond, as slowing global growth and soft consumption

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