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Despite inflation hitting 3%, BOJ sticks to ultraloose playbook

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TOKYO — The Bank of Japan appears to be doubling down on monetary easing even as inflation outpaces projections, concerned that temporary factors like a weak yen and high commodity prices are the only things keeping the country from a deflationary spiral.

The BOJ will continue to “conduct monetary easing” to pave the way for price increases accompanied by wage hikes, Gov. Haruhiko Kuroda said on Friday.



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