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BOJ to go slow in rate hikes after ending negative rate, says ex-central bank official
The Bank of Japan may end negative interest rates in April but will likely go slow in any further steps towards normalising ultra-loose monetary policy, the central bank's former executive Eiji Maeda said on Wednesday. With wage and price hikes broadening, Japan has already met conditions set by the BOJ for normalising monetary policy, said Maeda, a former BOJ top economist who also has experience drafting monetary policy."We're clearly seeing changes in Japan's price moves" with society shaking off a 25-year-old deflationary mindset, he told a news conference, adding that an "endogenous, sustainable" ... (full story)