Further deliberations are expected to be required for the Bank of Japan to explore future interest rate hikes, with its key policy rate having approached the highest level in three decades, threatening flagging consumption.
The BOJ on Friday raised its key short-term rate from 0.25 percent to a 17-year high of 0.5 percent, as widely expected. The central bank will continue to lift the rate providing the economy and prices move in line with its expectations.
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