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Economy

BOJ's Kuroda vows to 'persistently' continue aggressive monetary easing

Still a long way to achieve 2% inflation target, he says

NEW YORK (Reuters) -- Bank of Japan Governor Haruhiko Kuroda said on Friday the central bank should "persistently" continue with its current aggressive monetary easing, despite an expected temporary rise in inflation driven by surging commodity costs.

Japan's inflation is expected to rise in the short run, but such a rise consists primarily of cost-push inflation and therefore lacks sustainability, Kuroda said.

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