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IMF Expects Bank of Japan to Raise Rates Once More, Says Future Path Must Stay Flexible
The International Monetary Fund (IMF) expects the Bank of Japan to raise interest rates once more, bringing the policy rate closer to neutral, while stressing that future action must remain flexible amid rising global uncertainty. In an interview on Friday, Rahul Anand, head of the IMF's mission to Japan, said: "Under our baseline scenario, we expect the Bank of Japan to raise rates once more, bringing the policy rate to a neutral level." (Caixin)
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