Japan's PM hopeful Takaichi urges BOJ to avoid raising rates
TOKYO - Sanae Takaichi, Japan's minister in charge of economic security and a leading candidate in the ruling party's leadership race, said on Friday the central bank should not raise interest rates yet as the economy is on the cusp of emerging from stagnation.
"Japan hasn't yet achieved a happy situation where rising inflation is accompanied by higher pay and stronger consumption," she said. Incumbent Prime Minister Fumio Kishida announced last month that he would step down as LDP chief in September, effectively ending a three-year term as leader of the world's fourth-largest economy.
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