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Economy

After 20 years, Japan still stuck in deflationary mindset: Kuroda

Governor argues BOJ's aggressive easing has left country better off

Spurring inflation has taken longer than hoped, Bank of Japan Gov. Haruhiko Kuroda told Nikkei in an interview. (Photo by Wataru Ito)

TOKYO -- Even after two decades of aggressive monetary easing, Japanese people have not been able to shake off their deflationary mindset, Bank of Japan Gov. Haruhiko Kuroda told Nikkei, pledging to stay the course until inflation stabilizes at 2%. 

While central banks in the U.S. and Europe start to consider tightening as fears of excessive inflation creep in, price growth in Japan has remained stubbornly weak and the economy lukewarm.

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