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Kuroda Doubles Down on Stimulus Commitment Even If Prices Hit 2%

  • Japan’s central bank diverges from Fed, BOE rate hikes
  • BOJ downgrades view on economy, citing the impact of Covid
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WATCH: The Bank of Japan indicated increasing concern over the economy as it stuck with a dovish stance. Kathleen Hays reports.Source: Bloomberg
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Bank of Japan Governor Haruhiko Kuroda doubled down on his commitment to continue with stimulus even if inflation continues to accelerate, in a rebuttal of the need to join a global wave of central banks normalizing policy.