BoJ's Suda sees 'gradual' rate rises

Bank of Japan policy board member Miyako Suda repeated Wednesday 26 July the central bank's view that future rate increases would be 'gradual' if the economy continues to show sustained growth.

'The timing and magnitude of future monetary policy changes will depend on economic and price conditions at the time and the BoJ does not have a target like a 'neutral rate,' nor does it have a specific scenario of when to achieve it at this point in time,' Suda said.

'If the economy and prices move in

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