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Japanese Economy Minister Urges Close Monitoring of Economic Outlook After BOJ Rate Hike

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Japan's Minister of Economy, Trade and Industry, Seiichiro Ito, said on Friday he respects the Bank of Japan’s rate hike to 0.75% but stressed the need to closely track the economic outlook. He cited risks from U.S. trade policy, inflation’s drag on consumption, and market volatility. Ito noted the importance of sound monetary policy to support growth and stable prices, while also highlighting the role of liquidity and crypto markets in Countering the Financing of Terrorism.
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