Bank of Japan defies wave of inflation-fighting hikes by keeping rates at rock bottom ...Qatar

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Bank of Japan defies wave of inflation-fighting hikes by keeping rates at rock bottom
Bank of Japan Governor Haruhiko Kuroda emphasised his determination to stick with rock-bottom interest rates even if it means a weaker yen after the bank’s latest price forecasts left the door open to continued speculation over policy change. The BoJ is the last holdout on rates among major developed economies after the European Central Bank raised its deposit rate for the first time in 11 years yesterday hours after Kuroda spoke.  Recent concern that the global economy risks a hard landing as central banks rush to tackle inflation has helped ease market pressure on the BoJ, with fewer speculative bets against the yen and Japanese bonds. That has left Kuroda with scope to continue with a sh

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