BoJ may ease policy for 'some time' to slay deflation


JACKSON HOLE, Wyo: The Bank of Japan may have to pursue its aggressive monetary policy easing for "some time" to fully vanquish deflation, BoJ Governor Haruhiko Kuroda said on Saturday.

Speaking at a global central banking conference here, Kuroda said the central bank's efforts to overcome deflation by stimulating Japan's economy with large-scale asset purchases was proving effective.

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