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Inflation

Japan PM backs BOJ easy money policy despite yen's fall

Kishida calls for measures to ease food and energy prices instead of rate hike

Prime Minister Fumio Kishida defended Japan's monetary easing policy during an election debate with leaders of other parties on June 21.   © Reuters

TOKYO -- The Bank of Japan should "maintain the current course" of monetary easing, Prime Minister Fumio Kishida said in a debate Tuesday, signaling that he will stand by a policy that rivals criticize as contributing to the yen's dramatic fall.

Nine party leaders, including Kishida, who leads the ruling Liberal Democratic Party, participated in the discussion ahead of next month's upper house election. The debate centered on inflation and the economy, which accounted for half the questions asked.

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