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View all search resultsBank of Japan Governor Kazuo Ueda said on Monday the likelihood of achieving the central bank's inflation target was "gradually rising" and it would consider changing policy if prospects of sustainably achieving the 2 percent target increase "sufficiently".
While most other major central banks have pressed ahead with interest rate hikes to tame prices, the BoJ has refused to shift from its long-term program of sub-zero borrowing costs in order to kickstart the world's number three economy.
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