BOJ's December Rate Hike Reflected Concerns over Weak Yen

Tokyo, Jan. 28 (Jiji Press)–The Bank of Japan’s decision at a monetary policy meeting in December to raise its policy rate to 0.75 pct reflected concerns over higher inflation stemming from a weak yen, according to the minutes of the meeting released on Wednesday. A member of the central bank’s Policy Board said at the Dec. 18-19 meeting that Japan’s inflation-adjusted real policy interest…

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