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Japan's incoming PM keeps up pressure on BOJ to attack deflation

From reuters.com

Incoming Japanese Prime Minister Shinzo Abe kept up his calls on Tuesday for the Bank of Japan to drastically ease monetary policy by setting an inflation target of 2 percent, and repeated that he wants to tame the strong yen to help revive the economy. Abe, a security hardliner who will be sworn in as premier on Wednesday, when he is also expected to appoint his cabinet, is prescribing a mix of aggressive monetary policy easing and big fiscal spending to beat deflation and rein in the strong yen. "The economy, diplomacy, education and rebuilding in the northeast (hit by the 2011 tsunami, quake and nuclear ... (full story)

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