Fukui says Japan will adjust rates gradually

Bank of Japan governor Toshihiko Fukui said Friday 10 November Japan would raise interest rates preemptively and in small steps, and was aware of the risks of moving too late, the Yomiuri newspaper reported.

Fukui, in the interview with Japan's biggest daily, also said the BOJ would not raise rates enough to endanger the country's economic recovery, the newspaper reported in its Friday morning edition.

"We will adjust interest rates gradually to avoid amplifying swings in the economy going forw