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Abe urges central bank to pre-empt credit squeeze

Analysts say he aims to calm markets post-Brexit, but is also worried about Japanese banks' heavy lending abroad

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The Bank of Japan (its Tokyo headquarters, above) says it stands ready to provide dollars to the extent possible and when necessary.

Tokyo

PRIME Minister Shinzo Abe on Wednesday urged Bank of Japan (BOJ) governor Haruhiko Kuroda to ensure that the central bank provides ample funds to financial markets to forestall a credit squeeze in the wake of last week's Brexit shock.

The move was seen partly as reflecting Mr

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