Biggest Score-Win By Japan Reflationists as Kuroda Confirmed

Shinzo Abe the Japanese Prime Minister has taken the initiative to end the economic stagnation of two decades as the Parliament has confirmed his new picks for the leadership team of Bank of Japan (BOJ).

Haruhiko Kuroda, the man who advocated the target of inflation for more than a decade has won the majority in the upper house just after one day of his governor nomination was endorsed by the lower body. His picks for two deputies were also approved. Kuroda the chief of outgoing Asian Development Bank repeatedly said that only monetary policy can end the deflation, the deflation that has afflicted the 3rd largest economy of world for almost 15 years. One of his next tasks is to corral the board of 9 members behind the fresh stimulus.

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