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Bank of Japan Governor: No need to raise interest rates at present; only if supply shocks trigger a chain reaction will there be a rate hike.
Bank of Japan Governor Kazuo Ueda stated that there is currently no immediate need to raise interest rates, but if the current supply shocks cause a secondary chain reaction, the central bank will consider raising rates.
This statement indicates that the Bank of Japan is still closely monitoring changes in the economic situation, especially the impact of supply chain issues on inflation.
If the economic situation worsens in the future, it may prompt the central bank to adopt more aggressive monetary policies.
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