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Bank of Japan Sees Inflation Rising on Oil Price Spike

Summary by RTÉ
Japan's central bank said today it expected inflation to increase because of the "recent rise in crude oil prices" caused by the Middle East war.

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"The impact of rising crude oil prices on the prospects of underlying inflation must be taken into account," said the entity, which made the decision to keep the price of money stable by a majority of eight votes in favour, against one against.

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Bloomberg broke the news in United States on Tuesday, March 17, 2026.
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