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Finance

Shadow of deflation holds BOJ back despite US action

'Long road ahead' toward 2% inflation target, admits Kuroda

Deflationary mindsets continue to bedevil Bank of Japan Gov. Haruhiko Kuroda.

TOKYO -- Limp inflation has shackled Japan's central bank to maintaining its monetary easing policy, despite the ongoing economic recovery and a tailwind from the U.S. Federal Reserve's rate hike Wednesday.

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