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Bank of Japan (BoJ) Governor Haruhiko Kuroda said after a meeting with Prime Minister Shinzo Abe on Friday that the decline in the consumer price inflation was driven by a recent drop in energy costs, noting that "the price trend is on a solid footing".
Kuroda pointed out that consumer prices excluding energy prices rose about 1.1% in August. This figure was released with other official government data today.
Bank of Japan governor said that he and Abe did not discuss the consumer price data.
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