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During his speech today, the Deputy Governor of the Bank of Japan, Hiroshi Nakas noted the importance of the continuation of the Bank of Japan's commitment to achieving the inflation target of 2%. The banker said that the combination of negative interest rates and bond purchases used now provides a very powerful and positive effect. However, according to Nakas structural reforms, monetary easing should be carried out "simultaneously" and still may require additional measures by the Central Bank.
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