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Economy

Abe closes door to talk of an early end to monetary easing

Japan's prime minister to keep BOJ Gov. Kuroda and invite a reflation advocate

Prime Minister Shinzo Abe, left, trusts Bank of Japan Gov. Haruhiko Kuroda's skills but worries about his "Finance Ministry blood."

TOKYO -- By nominating a staunch reflation advocate to a top post at the Bank of Japan, Prime Minister Shinzo Abe seems to be quashing any thoughts of an early end to the monetary easing that forms the backbone of his signature economic policy.

The government chose Waseda University professor Masazumi Wakatabe and BOJ Executive Director Masayoshi Amamiya Friday to fill the two deputy governor seats that will be vacated in March. Gov. Haruhiko Kuroda was nominated for a second five-year term, as expected.

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