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Economy

BOJ's coronavirus challenge has echoes of Lehman crisis

Japan central bank exudes calm but ultraloose policy leaves it few levers

Bank of Japan Gov. Haruhiko Kuroda attends a news conference on Jan. 21 in Tokyo. BOJ officials are cautiously optimistic that Japan's economy can weather the coronavirus storm. (Photo by Kento Awashima) 

TOKYO -- "People imagine this is like the 2008 Lehman shock, but it's totally different," said a senior official with the Bank of Japan.

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