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BOJ board splits as easing squeezes banking sector

Kuroda warns against dangers of ultralow rates, but reflationists flatly deny hikes

Bank of Japan Gov. Haruhiko Kuroda voiced concern last month about the risk of instability in the financial system if ultralow interest rates remain in place for too long.

TOKYO -- The ripple effects of the Bank of Japan's ultraloose monetary policy have exposed a fissure among policy board members.

While Gov. Haruhiko Kuroda increasingly worries about the easing policy's "side effects" that harm the banking sector, some insist on staying the course to beat deflation.

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