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BOJ keeps up rate-hike signal as wages rise
The Bank of Japan will continue to raise interest rates if underlying inflation accelerates toward its 2 per cent target as projected, a senior central bank official said on Wednesday. "Underlying inflation is heading toward 2 per cent but still remains below that level now. As such, we must support economic activity with loose monetary policy," Kazuhiro Masaki, director-general of the BOJ's monetary affairs department, told parliament."Having said that, we will continue to raise interest rates and adjust the degree of monetary support, if underlying inflation accelerates toward 2 per cent as we project," he ... (full story)