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Former BoJ Board Member Adachi says the BoJ will probably raise the benchmark interest rate next month, stating the BoJ is pretty much boxed in, markets have almost fully priced in a hike, and if the BoJ doesn't hike, the yen could weaken sharply

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Former BoJ member Adachi stated the central bank will likely hike interest rates next month because markets fully priced it in, warning inaction could sharply weaken the yen.

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