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Japan-South Korea rift

Bank of Korea ready to act on fallout from Japan export curbs

Central bank lowers rate to 1.5%, joins global trend to ease monetary policy

The Bank of Korea in Seoul. The central bank on Thursday shifted its direction in the eight months since November, when it raised the benchmark rate by 25 basis points to 1.75%.   © Reuters

SEOUL -- The Bank of Korea is ready to take action to limit any damage stemming from Japan tightening export controls of key materials to South Korea's chipmaking industry.

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