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Gaffe or message? Kuroda remark on prices hints at BOJ's plans

Japanese central bank may be putting out feelers on shift in monetary policy

Bank of Japan Gov. Haruhiko Kuroda's controversial speech was meticulously prepared in advance, suggesting that his remarks on price levels were no gaffe.   © Reuters

TOKYO -- A controversial remark by Bank of Japan Gov. Haruhiko Kuroda has made waves across the country, as some consider it a subtle message that the central bank may be starting to explore an eventual end to its large-scale monetary easing.

It all began with a June 6 speech at a Kyodo News-organized event where he said that "Japanese households' tolerance of price rises has been increasing."

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