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At its monetary policy meeting held on the 31st, the Bank of Japan decided to keep the target rate for the overnight uncollateralized call rate unchanged at 1.0%. The Bank decided to raise interest rates at its previous meeting in June due to concerns that tensions in the Middle East and high oil prices would lead to an upward swing in prices, and the Bank will assess the impact on the economy and prices. Governor Kazuo Ueda will hold a press conference on the afternoon of the 31st to explain the decision. The decision to leave the policy interest rate unchanged was made with a majority vote of eight of the nine policy committee members. So Takada, a member of the council, is a member of the

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