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BOJ policymaker signals readiness to raise rates if inflation on track
The Bank of Japan will continue to raise interest rates if inflation moves in line with its forecast, policymaker Junko Nakagawa said on Wednesday, signaling that last month's market rout has not derailed its plan to hike borrowing costs steadily. But the central bank must take into account the impact that such market moves could have on the outlook for the economy and prices when considering whether to hike rates further, said Nakagawa, who is a member of the bank's policy board. "Given real interest rates are currently very low, we will adjust the degree of monetary support, from the standpoint of sustainably and ... (full story)