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Lower house clears way for Kuroda to head BOJ

AP
March 15, 2013, 12:25 am TWN

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TOKYO -- The lower house of Japan's parliament has endorsed Haruhiko Kuroda, a finance ministry veteran and president of the Asian Development Bank, to become central bank governor and spearhead efforts to break the world's third-largest economy out of its long bout of deflation.

Kuroda's support is crucial to Prime Minister Shinzo Abe's efforts to revive the economy through a combination of monetary easing, robust government spending and longer-term reforms.

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