• Reuters

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Bank of Japan policymakers hope the accelerating rollout of COVID-19 vaccinations will prop up the economy, but see any inflationary pressures as subdued given the fragile recovery, a summary of their discussions at a June 17-18 meeting released Monday shows.

The nation has only recently emerged from a fourth wave of infections. A decline in confirmation of new cases and an increase in vaccinations prompted authorities to ease a state of emergency in Tokyo and eight other prefectures on June 20.

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