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Japan central bank governor says to keep stimulus


The Bank of Japan (BOJ) must prioritise the risk of not reaching its 2% inflation target with premature monetary tightening, rather than being behind the curve in combating too-high price growth, according to Bank of Japan Governor Kazuo Ueda. Speaking at a G7 meeting in Washington, Ueda noted that the situation in Japan is different from other countries experiencing elevated inflation. Although Ueda did not deny the possibility of Japan falling behind the curve in addressing the risk of too-high inflation, he said that the BOJ must focus more on the risk of failing to achieve the 2% inflation target with a premature end to ease policy. Ueda emphasised that the BOJ will continue its monetary easing until the inflation target is met in a stable and sustainable fashion.

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