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Bank of Japan

As BOJ leadership change nears, reflationists leave center stage

Governor nominee Ueda seen as more attuned to easing's side effects

Reflationists rose to prominence at the Bank of Japan under late former Prime Minister Shinzo Abe. (Photo by Kaisuke Ohta)

TOKYO -- The Japanese government's picks to lead the Bank of Japan underscore the waning influence of the proponents of aggressive easing who had steered monetary policy for a decade.

Reflationists -- advocates of such measures as asset-buying by the central bank and inflation targeting to pull the economy out of deflation -- rose to prominence under former Prime Minister Shinzo Abe.

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