Fukui says 'more time' needed to hike rates

Bank of Japan governor Toshihiko Fukui told the Kyodo News Agency in an interview that the central bank needs "a little more time" to lift interest rates after it ended its zero-rate policy last month.

"A little more time will be needed...I feel strongly that I don't want to have any preconceived ideas," about when to lift rates, he said in an interview with Kyodo Thursday.

The BoJ policy board voted unanimously on July 14 to lift the overnight call rate target level to 0.25 percent amid signs

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