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BOJ Governor Ueda's comments at news conference
The Bank of Japan has raised its interest rates on Friday to levels unseen in three decades and signalled readiness for further hikes, taking another landmark step in ending decades of huge monetary support and near-zero borrowing costs. In a widely expected move, the BOJ raised short-term interest rates to 0.75 per cent from 0.5 per cent in the first increase since January. The decision was made by a unanimous vote. Following are excerpts from BOJ Governor Kazuo Ueda's comments at his post-meeting news conference, which was conducted in Japanese, as translated by Reuters: "As for the pace of how we adjust our ... (full story)
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