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BOJ's Kuroda keeps markets guessing on whether rate move means taper

Weak inflation may make the point moot for now

Bank of Japan Gov. Haruhiko Kuroda (Photo by Akira Kodaka)

TOKYO -- While Bank of Japan Gov. Haruhiko Kuroda insists the central bank is in no rush to wind down quantitative easing, he remains ambiguous on whether raising the BOJ's long-term interest rate target would constitute a step toward normalizing monetary policy.

Whether the term "exit" encompasses such a move "cannot be defined abstractly," Kuroda told reporters Friday after the latest BOJ policy board meeting, which saw not change in policy.

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