BOJ to debate rate rise, inflation much closer to 2% target: governor

Bank of Japan chief Kazuo Ueda said Tuesday that underlying inflation in Japan is nearing the central bank's 2 percent price stability target, adding that its Policy Board will debate whether to raise interest rates at its next meeting in mid-September.At a press conference after a meeting of the Group of 20 finance chiefs in North Carolina, Ueda said the BOJ will evaluate upside risks to inflation in guiding monetary policy."We will discuss it at every meeting, including the next one" on Sept. 17 and 18, Ueda said, referring to the possibility of another interest rate hike.Many market part…READ FULL ARTICLE