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As global central banks turn increasingly hawkish, the Bank of Japan Governor Haruhiko Kuroda may have to start discussing an exit from its monetary stimulus program by the end of the year, according to Principal Global Investors, which manages more than $424 billion.
Kuroda stood out from other central bankers at the ECB Forum in Portugal last week with his dovish stance on policy, signaling that Japan needs a sustained period of growth before wage pressures begin to build.