UPDATE 1-BOJ's Nishimura says Japan flexible on rates

Story date: 2008-01-29 03:59:00
Added on: 2008-02-01 15:59:30

Forbes - Federal Reserve's widely expected 50-basis-point interest rate cut on Wednesday. The BOJ has long said it will raise rates gradually, as its current policy rate of 0.5 percent is so low it could lead to overheating in the economy in the long term. But ...


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