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The Bank of Japan (BoJ) Governor Haruhiko Kuroda said at a meeting of the BoJ's regional branch managers on Monday that Japan's economy "will continue to recover moderately as a trend". Kuroda added that the annual inflation rate is expected to remain at around 1.25% "for some time".
He reiterated that the BoJ will continue with its quantitative and qualitative easing to achieve the 2% inflation target.
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