Bank of Japan board member Seiji Adachi: The Bank of Japan will raise interest rates at a very moderate pace until potential inflation reaches 2% sta
Bank of Japan Policy Board member Seiji Adachi stated that during the process of normalizing monetary policy, the Bank of Japan must raise interest rates in stages. The Bank of Japan will raise interest rates at a very gentle pace and maintain an accommodative financial environment until potential inflation stabilizes and reaches a sustainable level of 2%.
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The yield on the five-year U.S. Treasury note fell 15 basis points to 4.01%.
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