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Tuesday, December 25, 2012

Japan's Abe turns up the heat.

Shinzo Abe increases pressure on the central bank to adopt a 2% inflation target with a veiled threat to knock away the independence of the BOJ if his demand isn't met. Though Abe is still a few days off from becoming the prime minister, his rhetoric has already had an effect on the role of the central bank in the nation.

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