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BOJ’s Kuroda:Will take appropriate action if tail risk threatens BOJ price target
Presser detail now being released after usual embargo; premature to discuss exit strategy for Japan; vital for govt to achieve fiscal consolidation; BOJ forecasts include effects of planned sales tax hike; Japan can recover even if exports don’t rise sharply; sees risks linked to overseas economy falling slightly; core CPI +0.4% in line with BOJ forecast; possible to raise sales tax and still escape deflation; even after sales tax hike Japan can expand sbove its potential growth rate; important in next fiscal year to reduce budget deficit; Chinese growth slowing but will stablize due to domestic demand;
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