BoJ Eyes Further Tightening, Warns of Risks: October Minutes
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The Bank of Japan's October meeting minutes reveal board members' consensus on low real interest rates and potential policy rate hikes if growth and price outlooks are met. They stressed assessing developments without preconceptions due to global trade and policy uncertainties. Views varied on timing, with some advocating caution and others favoring earlier action due to risks like yen depreciation and U.S. overheating. The need to confirm sustained inflation and moderate wage and price increases was also highlighted.
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