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BOJ facing perilous policy decision over inflation target

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The BOJ was thus seen as having a choice either of extending the time frame that it originally set for achieving its annual inflation target, or embarking upon a third round of quantitative and qualitative monetary easing in the hope of accelerating the pace of price rises in Japan.

Tokyo

SEVERE turbulence in global financial markets is expected this week. Against this backdrop, the Bank of Japan's (BOJ's) Policy Board faces the perilous task on Wednesday of deciding whether to adjust monetary course - without creating fresh panic in foreign exchange trading and