Bank of Japan seen leaning toward raising rates

The Bank of Japan is leaning towards raising interest rates at next week's policy board meeting, with consumer spending remaining firm and worries of a US economic slowdown receding, the Nikkei reported Friday 12 January, without citing sources.

The BoJ's nine policy board members will meet Jan 17-18.

At the previous December policy board meeting, the BOJ, citing some weakness in consumption and consumer prices, decided not to go for a rate increase.

The central bank's basic stance is that as

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