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BOJ releases new natural rate estimate as part of communication drive

The Bank of Japan on Friday released an ​updated estimate on the country's natural rate of interest as part of its efforts to enhance communication as it ends an ‌era of ultra-low rates. The release came amid increased market attention to how close the central bank's short-term policy rate has approached levels deemed neutral to the economy, which is key to the pace and timing of additional hikes. [...]