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Bank of Japan Governor Haruhiko Kuroda said today:
- The negative impact of the tax increase in April is within expectations;
- Three of the BOJ's nine board members do not believe that Japan’s inflation will reach 2% around fiscal 2015 from just over 1% now;
- He expects that the inflation will reach the 2% target, but he said nothing about the time period;
- He repeated that Japan’s central bank will implement additional stimulus measures if needed.
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