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BoJ will raise rates at slow pace

Bank of Japan policy board member Atsushi Mizuno said Wednesday 2 August that the central bank will raise short-term interest rates at a "slow" pace while cautiously watching economic and price situations.

Mizuno told a business community in Fukuoka City in southern Japan that "we will adjust the level of interest rates 'slowly' by carefully monitoring economic and price developments."

"What concerns me is that when the bank sends out the message of 'slow interest rate adjustment,' there is a

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