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[Ueda Says Further Rate Hikes Will Follow If Conditions Meet Expectations] Bank of Japan (BOJ) Governor Kazuo Ueda Said At A Press Conference On Friday That The Japanese Economy Is Gradually Recovering, Despite Some Signs Of Weakness. The Risk Of Inflation Exceeding Expectations Has Somewhat Diminished. Inflation Driven By Higher Import Prices Due To The Weak Yen Will Largely Subside. Although The BOJ Has Already Raised Interest Rates Twice, Japan's Rates Are Still Below The Neutral Level. If The Economy Develops As Expected, Further Rate Hikes Will Follow. The BOJ Is Closely Monitoring The Impact Of Rate Hikes, But This Does Not Necessarily Mean The Pace Of Future Hikes Should Slow Down.
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