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Kuroda recommits to stimulus in long struggle with deflation

Breaking mindset on prices is no easy task, BOJ chief warns ahead of second term

Bank of Japan Gov. Haruhiko Kuroda at a news conference at the bank's headquarters in Tokyo on March 9. (Photo by Akira Kodaka)

TOKYO -- Bank of Japan Gov. Haruhiko Kuroda reaffirmed his commitment again Friday to the central bank's easy-money policy as he nears the end of his first term without achieving his goal of 2% inflation.

Kuroda gave a news conference after the BOJ policy board, at the last meeting of the current leadership, voted to maintain current stimulus policies. He has been asked by the government to serve a second five-year term, starting in April, with two new deputy governors.

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