Fukui says BoJ not bowing to pressure

The Bank of Japan will try to change interest rates slowly but has no timetable for such moves at present, central bank governor Toshihiko Fukui said Thursday 18 January.

"[An] extremely accommodative monetary environment will be sustained for the time being. We will adjust interest rates to harmonize [them] to economic fundamentals ... subject to developments in prices and [the] economy," Fukui said.

Fukui spoke after the BoJ's policy board voted 6-3 to keep the overnight call rate target

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