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BOJ's Kuroda says ECB action won't nudge up yen vs euro
Bank of Japan Governor Haruhiko Kuroda said on Friday he saw no reason for the yen to strengthen against the euro, pushing back at the European Central Bank's efforts to keep euro gains in check with its latest stimulus package. The remarks came after the BOJ kept monetary policy steady and offered a more upbeat view on overseas growth, signalling confidence the economy is on course to meet its inflation target next year without additional stimulus. The ECB last week became the first major central bank to impose negative interest rates, or charge financial institutions for parking funds at the central bank, a move ... (full story)