Report says BOJ likely to start raising rates

The Bank of Japan is expected to start raising interest rates this month or next, a news report said Monday 3 June.

The central bank is likely to raise interest rates amid signs of the Japanese economy's recovery, the Asahi Shimbun, a major newspaper, reported in its evening edition, without citing any sources.

The report came after a "tankan" survey's most-watched index, measuring sentiment at large manufacturers, inched up to 21 from 20 in the second quarter from the previous quarter.

"We would

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