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- BoJ Kuroda: Achieving the target level of inflation will take longer than expected
BoJ Kuroda: Achieving the target level of inflation will take longer than expected
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Do not set a time frame for how long to maintain monetary policy
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It is very important to keep interest rates low for a very long period
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I want to clarify that the situation in Japan is different from the situation in the US and Europe
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However, the promise to maintain low rates does not mean that the Bank of Japan will do this on an ongoing basis
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When developing guidance, it is necessary to ensure the effectiveness of commitments
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It is also necessary to take into account the flexibility of future political behavior
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I hope that the new leadership provides a clear position
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Stock and exchange rates have been stable since the July meeting of the Bank of Japan
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