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Bank of Japan board members discussed the need for caution on raising its benchmark rate and offered no clear hint of a move next month, a summary of opinions from its October policy meeting showed.

TOKYO : The Bank of Japan (BOJ) hopes to maintain its 2 per cent inflation target even if climate change causes long-term shocks to future price developments, Governor Kazuo Ueda said on Saturday.

While the risk of a U.S. hard landing has subsided, the BOJ must spend time scrutinizing market developments "as it was too early to conclude markets will restore calm," one member said.

he Bank of Japan (BOJ) hopes to maintain its 2 percent inflation target even if climate change causes long-term shocks to future price developments, Governor Kazuo Ueda said on Saturday.