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Commenting on the Bank of Japan’s (BOJ) inflation outlook, Governor Haruhiko Kuroda said that “excluding one-off factors, CPI has been in slightly positive territory recently.”

Additional quotes

No risk of the economy falling back into deflation again.

Closely watching the effects of coronavirus on prices.

Possible that the impact of coronavirus will subside if vaccination is implemented smoothly.

Will continue monetary easing to achieve the 2% inflation target.

Major economies’ keeping 2% inflation target helps stabilize currencies.

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