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BOJ Should Stand Ready to Hike Rates, Board Member Takata Says

BOJ Should Stand Ready to Hike Rates, Board Member Takata Says

The Bank of Japan should be ready to resume policy tightening if U.S. trade talks progress, policy board member Hajime Takata said, confirming that the bank is still looking to raise interest rates.
'I believe that the bank is currently only pausing its policy interest-rate hike cycle and should continue to make a gear shift after a certain period of 'wait-and-see,'' Takata said in a speech to business leaders in Mie prefecture, central Japan.
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