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Opinion

Bank of Japan's Kuroda needs to show he is still in charge

Leaving reforms to Shinzo Abe risks letting economy languish

| Japan
Kuroda forgot that central banking is largely an expectations game. (Photo by Arisa Moriyama)

In standing still and not cutting interest rates last week, the Bank of Japan sent a message to markets: you are on your own. The memo, though, was really intended for Prime Minister Shinzo Abe.

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