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Japan's elusive inflation target

TOKYO -- Japan's monetary policy is expected to contrast sharply with that of the U.S. next year. The Federal Reserve has now ended its bond-buying program and is expected to raise interest rates, possibly in the new year. But the Bank of Japan will continue printing reams of yen.

BOJ Gov. Haruhiko Kuroda speaks at a press conference on Dec. 19.

     Economists and market participants are speaking with envy about how the U.S. economy seems to be winning while others around the world stagnate. The 2008 global financial crisis that erupted out of Wall Street battered the U.S. economy. But six years on, the U.S. is on course to an annualized growth rate of 3%. What is more, unemployment there has dipped below 6% and other job data is improving.

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