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BOJ’s Kuroda says Japan is dealing with some significant demographic challenges
plus risks of excessive credit expansion and destabilisation of financial system; prompt action to address demographic challenges is needed to preserve growth momentum of domestic demand-led economy in Asia; BOJ gov speaking in Thailand; it’s important to establish regional safety nets in Asia to prepare for possible external shocks; current global accommodative financial conditions raise the possibility of unhealthy global capital inflows into Asian economies; Asian countries should prevent execessive expansion of credit to ensure domestic demand-led growth; in Japan the potential growth rate has been pushed down ... (full story)
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