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BoJ board member Sato supports continuing interest rate hikes, but did not specify a timing, citing concerns about weakening personal consumption, reports Kyodo

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Kyodo reported that Sato supports staged policy-rate adjustments, expressed concern about weakening personal consumption, and gave no timing for the next hike.

News detail

She "agrees with the policy of adjusting (the policy interest rate) in stages," aligning with the Bank of Japan's stance of continuing to raise interest rates. On the other hand, she expressed concern about weakening personal consumption and avoided specifying when the next interest rate hike would occur.

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