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Bank of Japan Likely to Hike Rates to 1.25%
Expectations that the Bank of Japan will raise interest rates to 1.25% by the end of the year, with possibilities of additional increases in the fourth quarter, in order to combat inflation approaching the 2% target. Economist polls indicate an increase in interest rate hike expectations in the coming months, amid a declining yen and market pressures, with the final decision to be announced after the monetary policy meeting in June.
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