HIROSHIMA: The Bank of Japan must move cautiously in raising interest rates as consumption remains weak and small firms may struggle to keep increasing wages, a dovish board member said on Thursday (Dec 5), highlighting uncertainty over the chances of a hike this month. Toyoaki Nakamura, who did not back t
HIROSHIMA : Bank of Japan board member Toyoaki Nakamura said on Thursday the central bank must move "cautiously" in raising interest rates, as smaller firms have yet to see profitability strengthen enough to weather higher borrowing costs."I am personally not confident about the sustainability of wage gro