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Bank of Japan

BOJ's Ueda warns of consequences of tightening too soon

Central bank chief vows to stick with easing despite inflation 'burden'

Bank of Japan Gov. Kazuo Ueda answers questions from reporters May 25 at the central bank's headquarters in Tokyo. (Photo by Taro Yokosawa)

TOKYO -- Bank of Japan Gov. Kazuo Ueda on Thursday acknowledged that historically high inflation is weighing on the country, but he warned against making sudden changes to the central bank's longtime policy of ultraloose monetary easing.

Ueda spoke with reporters at the bank's headquarters in Tokyo in his first group interview since taking office in April.

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