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News ECONOMY

  • Mar 12, 2013
  • BoJ nominee vows swift action as orders data disappoint

    The Japan government's choice to lead the country's central bank promised on Monday to move quickly to implement fresh monetary stimulus to lift the struggling economy, a case underlined by a surprisingly sharp drop in a gauge of capital investment.However, Haruhiko Kuroda's declaration that "speed is important" appeared to run into resistance from Bank of Japan board member Koji Ishida, who in separate comments voiced caution against taking unorthodox steps too hastily. The divergence of opinion highlights that while the nine-member board generally agree on the need for further stimulus, there are differing views on how best to revive an economy that has struggled for consistent growth for years.

    Source - http://www.business-standard.com