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boj chief highlights global uncertainty from us tariffs and economic outlook
Bank of Japan Governor Kazuo Ueda highlighted significant global economic uncertainty stemming from U.S. tariff policies, emphasizing the need for careful monetary policy decisions. Following the G20 finance leaders’ meeting, he noted that Japan's economic growth and persistent inflation could lead to further interest rate hikes from the current 0.5% level. Ueda also indicated the BOJ's readiness to intervene in bond markets if yields rise unexpectedly, as the central bank aims to achieve its 2% inflation target sustainably.
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