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Stimulus is here to stay but no need to expand it soon: BOJ

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Mr Kuroda said while a weak yen is positive for the economy it will hurt small firms and households

Tokyo

BANK of Japan governor Haruhiko Kuroda stressed his resolve to maintain massive stimulus for a prolonged period but shrugged off the need to expand it soon, remaining upbeat on the outlook despite signs the economy may be in a mild recession.

Mr Kuroda also stuck to his view

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