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BOJ may signal underlying inflation has hit 2% goal, sources say
TOKYO: The Bank of Japan may signal this month that underlying inflation has roughly hit its 2% target, three sources familiar with its thinking said, highlighting its readiness to raise interest rates again in the coming months. Any such announcement would largely be symbolic, but it would reinforce dominant market expectations of a December hike and signal the BOJ’s readiness to keep raising interest rates in short intervals. The central bank has begun stressing the need to anchor underlying inflation around its target in judging the pace and timing of further interest rate increases. Having...
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