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Economy

The Bank of Japan tries to bend the yield curve

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Bank of Japan Gov. Haruhiko Kuroda attends a news conference at the central bank headquarters in Tokyo on Sept. 21.   © Reuters

TOKYO -- In Aldous Huxley's dystopian classic, whenever people feel blue they take a government-supplied hallucinogenic called "soma." The Bank of Japan and its governor, Haruhiko Kuroda, struggling to lift people out of their deflationary funk, may be wondering where they can get their hands on some.

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