BOJ's Muto says no set timetable on rate rise

Bank of Japan deputy governor Toshiro Muto said on Monday 5 June the central bank has no timetable for raising interest rates.

The timing of Japan's first rate hike in about six years will be dictated by the path of inflation and economic growth, Muto told international commercial bankers in Washington.

"Accommodative financial conditions resulting from fairly low interest rates can be maintained for some time. Through and beyond that ... we will adjust the level of interest rates gradually in

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