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Economy

BOJ's Kuroda blames yen's weakness on the dollar's strength

Central bank chief rules out even temporary adjustment in monetary policy

Bank of Japan Gov. Haruhiko Kuroda speaks in Tokyo on Thursday. (Pool photo) 

TOKYO -- Bank of Japan Gov. Haruhiko Kuroda said he would not be stirred into action by the yen's plunge against the dollar, and pinned the Japanese currency's woes on the rise of the greenback.

"This is not so much a yen weakness as a dollar strength," Kuroda told reporters after the central bank kept its policy ultra loose despite concerns it could hurt the Japanese economy as inflation surges globally.

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