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No need to raise interest rates, says BOJ's Iwata

Central bank deputy governor says economy still requires support from monetary easing, with inflation far from 2 per cent target

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The Bank of Japan is set to upgrade its economic assessment but cut its inflation forecast at a quarterly review of its projections in July.

Aomori, Japan

BANK of Japan (BOJ) deputy governor Kikuo Iwata on Thursday dismissed the need to raise interest rates any time soon, stressing that the economy still requires support from "powerful" monetary easing, with inflation far from the central bank's 2 per cent target.

He

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