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BOJ chief reiterates loose monetary policy despite global inflation

Kuroda says current yen level is positive for Japan's economy

BOJ Gov. Haruhiko Kuroda said at a news conference on Jan. 18 that Japan's central bank will maintain its loose monetary policy "until after consumer inflation stably exceeds 2%." (Pool photo)

TOKYO -- The Bank of Japan chief on Tuesday reiterated the central bank's commitment to maintaining ultraloose monetary policy, even as other central banks begin backing away from monetary stimulus in the face of rising commodity inflation.

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