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Success is within reach, says Kuroda about achieving inflation target

CPI has been positive for 20 months, wages up for first time in 20 years, he points out

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SPIRITED DEFENCE: At a press conference, Mr Kuroda, who is into his second year as BOJ governor, said monetary policy actions by the BOJ, the US Federal Reserve and the European Central Bank have been made to achieve their price-stability targets, not to depreciate their respective currencies.

Tokyo

BANK of Japan (BOJ) governor Haruhiko Kuroda launched a spirited defence on Friday of the central bank's aggressive monetary easing policy, arguing that success is within reach in the battle to achieve an inflation target, even as he denied that the BOJ was deliberately depressing

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