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flag Japan's PM nominates a new BOJ board member, potentially supporting interest rate hikes.

flag Japan's Prime Minister has nominated Kazuyuki Masu, a former Mitsubishi Corp CFO, to join the Bank of Japan's policy board, replacing the dovish Toyoaki Nakamura. flag If approved, Masu will join the board in July, potentially shifting its stance towards supporting interest rate hikes. flag This comes amid global trade tensions, particularly due to US tariffs, complicating the BOJ's plans for economic recovery and monetary policy normalization.

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