Kuroda Wins Wider Majority, Says Inflation May Dip Below 1%
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Bank of Japan Governor Haruhiko Kuroda secured a wider majority today and warned inflation could fall below 1 percent after the world’s third-largest economy slid into recession.
The BOJ board voted 8-1 to continue expanding the monetary base at an annual pace of 80 trillion yen ($683 billion), following a split decision to boost stimulus last month.