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The BOJ will continue to raise rates if inflation is on track, Nakagawa said By Reuters

© Reuters. FILE PHOTO: The Japanese national flag flies at the Bank of Japan building in Tokyo, Japan March 18, 2024. REUTERS/Kim Kyung-Hoon/File Photo

TOKYO (Reuters) – Bank of Japan board member Junko Nakagawa said on Wednesday the central bank will continue to raise interest rates if the economy and inflation move in line with the bank’s forecasts.

“As we consider adjusting the degree of monetary easing further, we need to look back at market developments following our July policy change and carefully assess how market changes affect our economy and price outlook,” she said.

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