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ADB's Kuroda: BOJ inflation goal could be met in 2 years
A prominent critic of the Bank of Japan's policymaking, who is considered a leading candidate to take over at the central bank next month, said he favoured an aggressive two-year timeframe to meet a new goal of lifting inflation to 2 percent. Asian Development Bank President Haruhiko Kuroda declined to comment on Monday on whether he is being courted by Prime Minister Shinzo Abe to head up the Bank of Japan, telling reporters he is happy in his current position. "A 2 percent inflation target has become a global standard, and it is a landmark decision on the BOJ's part to adopt the same target," said Kuroda, who was in ... (full story)
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