BOJ chief warns of risks of raising interest rates too slowly

Bank of Japan Governor Kazuo Ueda on Wednesday warned of the risks of moving too slowly in raising interest rates, saying striking the right balance is crucial for the Japanese economy to grow in a sustainable way."Uncertainties are everywhere, any time...when there's huge uncertainty, you usually want to proceed cautiously and gradually," Ueda said at an event in Washington, held on the sidelines of the International Monetary Fund and the World Bank's autumn meetings.But he said it would be problematic "if you proceed very, very gradually" and trigger expectations that interest rates will …READ FULL ARTICLE