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Bank of Japan Governor Kazuo Ueda said on Thursday he told his G20 counterparts the central bank would likely keep monetary policy ultra-loose to stably and sustainably achieve its 2- percent inflation target.
“Core consumer inflation, which is now around 3 percent, is likely to slow below 2 percent towards the latter half of this fiscal year,” Ueda told a news conference after attending the G20 finance leaders’ gathering in Washington.
