Japan Kan:BOJ sees limit to monetary policy for deflation

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TOKYO, April 12 (BestGrowthStock) – The Bank of Japan thinks monetary
policy is effective in combating deflation but that it has its
limits, Japanese Finance Minister Naoto Kan said on Monday.

Kan, speaking to reporters after a speech, also said that the
government and central bank do not accept that Japan is mired in
deflation.
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(Reporting by Stanley White)

Japan Kan:BOJ sees limit to monetary policy for deflation