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Japan election

BOJ eyes LDP race as hawkish outlier Takaichi gains strength

Shinzo Abe backs former minister who could influence next cabinet on BOJ

Even if she does not win the LDP leadership race next week, Sanae Takaichi is on course to becoming an influential member of Japan's next cabinet, and Governor Haruhiko Kuroda of the Bank of Japan will have to weigh that into his policy recommendations.  

TOKYO -- As Japan's ruling Liberal Democratic Party prepares to elect next week a new leader -- who will also become the next prime minister -- the Bank of Japan's Sept. 22 monetary policy meeting was a quiet affair that focused on funding to fight climate change, an issue floated at the previous meeting.

Any more significant BOJ decisions at this important juncture would be scrutinized for political implications, so the central bank leadership deemed it wise to avoid big policy moves.

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