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BOJ Faces Pressure for Faster Rate Hikes | Markets & Money News
The Bank of Japan faces mounting pressure to increase interest rates as it prepares for a crucial meeting on October 29-30. Global inflation has surged, influenced by events like the Iran war and rising AI demand. BOJ Governor Kazuo Ueda has gathered insights from G7 and G20 talks, emphasizing the need to address inflation collaboratively. Analysts anticipate a possible rate hike in December, driven by high energy costs and a weak yen, while U.S. Treasury officials urge Japan to tighten
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