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BOJ should wait at least six months for rate hike, says opposition kingmaker
The Bank of Japan should wait for at least six months before hiking interest rates, until there are signs of sustainable wage gains above inflation, the head of the opposition party that the ruling LDP is courting for support said. "There should be no significant changes to monetary policy, as we need to observe the wage growth trends from next year's spring negotiations," Yuichiro Tamaki, head of the opposition Democratic Party for the People (DPP), said in an interview with Reuters. Following Japan's general election on Oct. 27, Tamaki's party has gained influence over government policy as the ruling Liberal ... (full story)