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flag BOJ policymaker warns against interest rate hikes due to economic concerns.

flag A Bank of Japan (BOJ) policymaker, Toyoaki Nakamura, has advised against raising interest rates, citing weak consumption and wage growth, and the potential for small firms to struggle with higher borrowing costs. flag Nakamura is concerned that inflation may fall short of the BOJ's 2% target, especially from fiscal 2025 onwards. flag He emphasized the need to closely monitor economic data before adjusting monetary support levels.

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