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Prominent economist defends BOJ's moves

Meanwhile, BOJ says it will keep up its massive stimulus programme until it hits its inflation target

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Mr Sheard said he gave "high marks" to the BOJ for its aggressive monetary stimulus.

Tokyo

A LEADING international economist on Wednesday sprang to the defence of the aggressively expansionary monetary policy pursued by the Bank of Japan (BOJ), as the bank's governor Haruhiko Kuroda said the BOJ would keep up its massive stimulus programme until its two per cent annual