Express

Japanese Minister of Digitalization: Bank of Japan needs to gradually raise interest rates to avoid prolonged negative rates

Summary: According to sources, Japanese Minister of Digitalization Taro Kono stated that the Bank of Japan must gradually raise interest rates as maintaining negative real borrowing costs in the long term is undesirable.

According to sources, Japanese Minister of Digitalization Taro Kono stated that the Bank of Japan must gradually raise interest rates as maintaining negative real borrowing costs in the long term is undesirable.

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