Rate talk inappropriate: Japan's Shirakawa

Masaaki Shirakawa, the governor of the Bank of Japan, on Monday confirmed the central bank has abandoned trying to raise rates for the time being because of the uncertainty surrounding the economic outlook.

Shirakawa told the National Press Club that the central bank had to "focus our attention on the downside risks." Any talk of rate hikes was inappropriate as "uncertainty regarding the outlook remains high."

The confirmation of the central bank's neutral bias marks a shift from a stance tha

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