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By Leika Kihara
TOKYO (Reuters) – Financial institution of Japan policymakers mentioned the necessity for warning over near-term rate of interest hikes with some voicing concern over unstable monetary markets and the U.S. financial outlook, a abstract of their September assembly confirmed on Tuesday.
“Abroad financial uncertainties have heightened. We must always scrutinise abroad and market developments intently in the meanwhile. By way of additional adjustment to our financial help, it needs to be executed when such uncertainties are diminished,” one member was quoted as saying.
Given financial and market uncertainties, it was undesirable for the BOJ to boost charges additional at this level as doing so would possibly counsel the central financial institution was shifting to a full-fledged financial tightening cycle, one other opinion confirmed.
On the September assembly, the BOJ saved short-term charges regular at 0.25% and its governor stated it might afford to spend time eyeing the fallout from world financial uncertainties, signalling it was in no rush to boost borrowing prices additional.
(Reporting by Leika Kihara; Enhancing by Jacqueline Wong and Sam Holmes)
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