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Business News

Japan's new bank governor to spur economy

The Japanese Prime Minister Shinzo Abe paved the way for more aggressive action to spur the nation's struggling economy as he confirmed the dovish Haruhiko Kuroda as the Bank of Japan's new governor.

Mr Kuroda has been a supporter of Mr Abe's adoption of a 2 per cent inflation target and is a critic of the central bank. Japan is looking to drive down the value of its currency with open-ended money-printing.