Japan cleanup push may not spur policy offensive

Sources familiar with central bank thinking say the BOJ views the disposal of bad loans as Japan's most significant domestic economic issue but doesn't expect the impact of the disposal process will be severe.

Analysts are skeptical about the government's resolve to push ahead with the plan to accelerate the cleanup of banks' balance sheets but many expect the central bank would significantly ease policy if the plan goes ahead. Market participants have partly factored that expectation into pri

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