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BOJ Kuroda: Japan Economy Needs Continued Easing
Bank of Japan Governor Haruhiko Kuroda said Tuesday that the BOJ must maintain its large-scale monetary easing stance as it takes times to guide low inflation to its stable 2% target. "We are still far from achieving the 2% price stability target, so maintaining the powerful easing is necessary for Japan's economy," Kuroda told the Lower House Budget Committee. In response to criticism that the BOJ's massive asset purchases are distorting financial markets, he said the bank will continue buying ETFs (exchange-traded funds) as part of the easing program aimed at achieving the 2% inflation target. "I don't think the ... (full story)
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