Bank of Japan's Rate-Hike Window Narrowing, Ex-Board Member Says
TOKYO–If the Bank of Japan wants to raise interest rates further, it will likely need to do so this year before the window of opportunity closes, says Sayuri Shirai, a former board member at the central bank.
Weak Japanese demand makes it hard to justify higher borrowing costs, and if inflation drops below the Bank of Japan's 2% target it will be even tougher to back the case for another hike, she said at an event held by The Wall Street Journal in Tokyo on Wednesday.
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