Kuroda uncompromising on deflation

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In his first speech since becoming governor, Haruhiko Kuroda said the Bank of Japan (BoJ) must expand both the quantity and quality of the types of asset it purchases, and stressed the importance of shaping market expectations.

Speaking before the Japanese parliament today, Kuroda said the "most critical issue" facing the country's economy is the need to overcome deflation "at the earliest possible time".

To achieve this, the BoJ will need to pursue "bold monetary easing", he said, and commit to

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