Japanese policymakers fear US housing problems

Minutes of the June 14-15 meeting of the Bank of Japan's policy board, published today, show that some board members have concerns about the persistence of housing problems in the United States, which may point to difficulties in making future rate rises.

Markets have been expecting rates to be raised from their current 0.5% level next month, but some members felt during the June meeting that the central bank should not lead markets to believe that there was a set timetable for future rate rises

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