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BOJ official rejects IMF criticism of bond-buying target

Central bank maintains 80tn yen soft goal despite shifting policy focus

The Bank of Japan's monetary policy is better served by keeping the bond-buying target, according to Deputy Gov. Kikuo Iwata

TOKYO -- A Bank of Japan official on Thursday defended the central bank's ongoing soft target for increasing government bond holdings, shrugging off the International Monetary Fund's suggestion to drop the pledge.

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