Bank of Japan to start pivotal meeting


  • Business
  • Thursday, 13 Jul 2006

TOKYO (AP) - Japan's central bank was scheduled to start a pivotal two-day policy meeting Thursday, amid widespread expectations it will raise interest rates for the first time in six years. 

A decision is expected Friday, when the Bank of Japan's policy board members vote. Raising rates, from zero percent, would be the clearest sign yet that the world's second-biggest economy has emerged from a decade of doldrums.  

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