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Bank of Japan monetary policy board member Harada is speaking in Japan:

  • Consumption remains weak despite rising household income
  • Says underlying weakness in inflation could weigh on inflation expectations, delay acceleration of inflation
  • BOJ must strengthen monetary easing without hesitation if
  • Raising rates may not necessarily steepen yield
  • Ending monetary easing would push down prices, worsen the economy
  • Economy worsens, makes it hard to hit price goal