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MNI BRIEF: BOJ's Ueda Sees Possible July Lift To Policy Rate

(MNI) Tokyo
(MNI) TOKYO

Bank of Japan Governor Kazuo Ueda told lawmakers Tuesday the Board could raise the policy interest rate at the July 30-31 meeting when the bank announces the detailed plan to reduce its government bond buying.

Ueda, however, noted raising the policy interest rate will depend on developments of economic activity and prices at that time. He also any hike decision would be separate from the JGB reductions.

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Bank of Japan Governor Kazuo Ueda told lawmakers Tuesday the Board could raise the policy interest rate at the July 30-31 meeting when the bank announces the detailed plan to reduce its government bond buying.

Ueda, however, noted raising the policy interest rate will depend on developments of economic activity and prices at that time. He also any hike decision would be separate from the JGB reductions.

Keep reading...Show less