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Kuroda's silver bullet falling short?

BOJ Gov. Haruhiko Kuroda speaks during a press conference in Tokyo, where he repeatedly stressed the importance of pushing the yield curve down on Jan. 29.

TOKYO -- The Bank of Japan has remained bullish about its decision last Friday to adopt a negative interest rate policy for the first time. BOJ Gov. Haruhiko Kuroda called it "the most powerful monetary policy framework in history" in a speech on Wednesday.

     On hearing the news, Japanese foreign exchange and equity markets certainly looked like they were ready to say sayonara to the risk-averse mood that has prevailed in global markets since the beginning of the year.

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