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The Bank of Japan (BoJ) Governor Haruhiko Kuroda said to the Japan's Prime Minister Shinzo Abe today that the central bank is ready to expand monetary easing measures to reach 2 percent inflation target. But he added for now there is no necessity for the central bank to expand stimulus measures. Japan's economy is on track to meet the price stability target, so Kuroda.
The divergence between the monetary policies of the US and those of Japan and Europe weighed on the yen and euro as investors speculate the Fed may raise rates sooner than expected.
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