Thursday, February 8, 2007

BoJ: No Hurry To Raise Rates

Bank of Japan policy board member Hidehiko Haru has underlined what most Bonobo readers should already know, that internal consumption in Japan is week and that there's no threat that rising prices will cripple economic growth. Conclusion: there's no hurry to raise rates:``Given that there's no evidence of any inflationary risk, there's no need to rush,'' Haru, 69, said today in a speech to

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