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BOJ concentrated on wages and the currency; no discussion on yield cap

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BOJ

Many Bank of Japan policymakers saw stronger wage growth as key to sustaining the bank’s 2% inflation goal. One board member said sharp yen falls could hurt the economy. The BOJ stuck to its ultra-low interest rate policy and vowed to defend its cap on the 10-year bond yield. Many Bank of Japan (BOJ) policymakers … Read more

Annual Turkish inflation surges to 21.31% in November

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Turkish inflation

ANKARA: Turkey’s annual inflation rate jumped over 20 per cent in November, official data showed on Friday, after a currency crisis last month in which the Turkish lira hit record lows against the dollar. Consumer prices climbed to 21.31 per cent from the same period in November last year, up from 19.89 per cent in October, … Read more

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