Bank of Japan minutes: A committee member stated that due to the uncertainty of Japan's neutral interest rate level and the monetary policy transmission mechanism, it is difficult to confidently identify the Bank of Japan's medium to long-term interest rate hike path. A representative from the Ministry of Finance stated that the government will guide economic and fiscal policies to prioritize lifting Japan out of deflation, and hopes that the central bank will continue to closely coordinate with the government to appropriately guide policies.
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