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Bank of Japan leaves rates unchanged

Agencies Tokyo
 Central banks in Japan, US and Europe have injected more than $350 billion after credit dried up following the collapse of the US subprime mortgage market.

 BOJ Governor Toshihiko Fukui, who has warned that leaving rates low could fuel risky investments, may resume his policy of gradually increasing borrowing costs later this year.

 
 

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First Published: Aug 23 2007 | 1:04 PM IST

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