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Japan's central bank to remain undeterred on rate hikes despite LDP's electoral shock, analysts say

By CNBC   |   1 month ago
Japan's central bank to remain undeterred on rate hikes despite LDP's electoral shock, analysts say

Bank of Japan Governor Kazuo Ueda addressed Japanese inflation and monetary policy at the IMF and World Bank Group 2024 Fall Meeting. Despite election shock for Japan's ruling party, LDP, it is unlikely to deter the Bank of Japan's interest rate hike cycle.

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