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As reflation deadline nears, BOJ faces prospect of failure

If the target isn't hit, it may split the board, undermine the bank chief's authority

Mr Kuroda is optimistic even as the economy flirts with recession and falling oil prices threaten to pull inflation below one per cent


WITH just five months left before Bank of Japan (BOJ) governor Haruhiko Kuroda's self-imposed deadline for banishing deflation, the central bank is preparing for failure, and the first casualty could be its facade of board unity.

There is almost no way the BOJ can hit the two