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BOJ Gov. Kuroda's 20-year fight to end deflation grinds on

Weak yen, U.S. pressure leave Japan central bank chief on his own

BOJ Gov. Haruhiko Kuroda won plaudits 20 years ago for his criticism of China's cheap yuan policy, but his fight to end Japan's deflation has been less successful.   © Reuters

TOKYO -- Two decades ago, Bank of Japan Gov. Haruhiko Kuroda, then Japan's vice minister of finance for international affairs, won support from the international community for his criticism of Beijing's weak-yuan policy.

But more than 20 years after his fight to end deflation in Japan began, the battle rages on without success. And his struggle is an increasingly lonely one. The U.S., which wants to increase its exports, appears frustrated with the yen's weakness.

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