Japan braces for BOJ to lift rates sooner and higher
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TOKYO : Hawkish comments from the Bank of Japan and sticky inflation are lifting bond yields to multi-year highs and pushing forward rate hike expectations, shaking long-held views that rates would not rise much in the historically deflation-prone economy. Mitsubishi UFJ Morgan Stanley Securities said on Monday it now expects the BOJ to raise interest rates to 0.75 per cent in July from 0.5 per cent currently, instead of in October-December. It also pushed forward the timing of a subsequent
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