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The gross domestic product in Japan as projected will be around 2 percent, this can lead to the increase in inflation, while the up and downside risk in the domestic and international economy will remain.
As told by Toshiru Muto, he is the deputy governor by the Bank of Japan. At Matsue Japan he stated in the business community the nine member policy board is continuously making the monetary policy decision in just an advance manner.
This rate hikes will be needing one to two years before they take effect in the development and increase in the prices of commodities of the economy, the governor also said.
22:08
Posted on Jun-20-2007
