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EDITORIAL

The dilemma facing central banks and policymakers

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Japanese stocks have been under intense pressure after the Bank of Japan (BOJ) , contrary to market expectations, kept its monetary policy unchanged last week, by holding its negative interest rates at -0.1 per cent and maintaining the size of its asset-purchase programme.

JAPANESE stocks have been under intense pressure after the Bank of Japan (BOJ) , contrary to market expectations, kept its monetary policy unchanged last week, by holding its negative interest rates at -0.1 per cent and maintaining the size of its asset-purchase programme.

The reason it