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BOJ signals possible rate hike, pushing yields up
Bank of Japan Deputy Governor Ryozo Himino said on Thursday at a press conference in Saitama City that the central bank will "carefully consider" additional rate hikes at every policy meeting, including the next one in September, hinting at the possibility of a move as early as next month. With market expectations for a September hike growing, Himino avoided giving a specific assessment of market views but stressed that "given that the underlying inflation rate is approaching the 2% target, we need to pay more attention to upside risks to prices than before," adding that "by appropriately managing policy, we want to successfully guide underlying inflation to 2%."
BOJ signals possible rate hike, pushing yields up