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BOJ board rift may delay new governor's policy ambitions

From reuters.com

A rift among Bank of Japan board members over how to achieve the new 2 percent inflation target means the central bank's next governor may have to move more cautiously than markets expect in stimulating the economy. Prime Minister Shinzo Abe has demanded bold action from the BOJ, raising expectations the next governor will shake up policy and finally manage what previous governors have not - to jump start an economy that has stagnated for years. But sources familiar with central bank thinking said that while the central bank may well ease policy under an existing asset-buying program, fresh ideas to expand the ... (full story)

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