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The Independent UK
The Independent UK
National
Elaine Kurtenbach

Japan's central bank keeps its negative interest rate unchanged, says it's watching wage trends

Copyright 2023 The Associated Press. All rights reserved.

The Bank of Japan kept its longstanding easy credit policy unchanged on Tuesday, saying it will watch price and wage trends before raising its negative benchmark interest rate.

The BOJ policy decision was widely expected. But investors and analysts believe the central bank is tip-toeing toward a shift due to price increases that have left inflation above its 2% target.

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