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Japan's incoming PM keeps up pressure on BOJ to attack deflation

Abe, Japan's incoming prime minister and the leader of Liberal Democratic Party (LDP), speaks during a meeting at the LDP headquarters in TokyoTOKYO (Reuters) - Incoming Japanese Prime Minister Shinzo Abe reiterated calls for the Bank of Japan to conduct bold monetary easing to beat deflation by setting an inflation target of 2 percent. Abe, to be sworn in as Japan's next premier on Wednesday when he is also expected to name his cabinet, said his new government hopes to sign an agreement with the BOJ to aim for 2 percent inflation, double the central bank's current target. ...


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