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Politics

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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