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Japan Defies Wave of Inflation-Fighting Hikes by Keeping Rates at Rock Bottom

  • Kuroda defies global rate hike wave by keeping rates unchanged
  • Sees inflation at 2.3% this year, keeping eye on global growth
Bloomberg business news
BOJ Holds, Warns of RisksSource: Bloomberg
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Bank of Japan Governor Haruhiko Kuroda emphasized his determination to stick with rock-bottom interest rates even if it means a weaker yen after the bank’s latest price forecasts left the door open to continued speculation over policy change.