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BOJ Considers Reducing Bond Purchases and Raising Interest Rates

BOJ Considers Reducing Bond Purchases and Raising Interest Rates

The Bank of Japan (BOJ) meets to plan cuts in bond purchases. Target: 4 to 6 trillion yen monthly. Discussing interest rate hikes. Ueda considers rate increases if 2% inflation persists. A weak yen increases import costs. Wage deflation continues for 26 months.

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