Japan’s Kuroda signals ‘substantive step change’ in fight against deflation

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The government's pick to be the new governor of the Bank of Japan, Haruhiko Kuroda, reiterated his dissatisfaction with the central bank's current monetary policy in a parliamentary hearing earlier today, suggesting he would pursue inflation more aggressively.

Kuroda, nominated as Masaaki Shirakawa's successor last week, revealed he was open to expanding both the size and the variety of assets purchased by the central banks in his bid to hit the Bank of Japan's recently adopted 2% inflation

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