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Japan Says Sayonara to Idea of Central Banker as Rescue Hero
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wsj.comTOKYO—The next Bank of Japan governor is likely to find a challenge similar to the one that faced departing Gov. Haruhiko Kuroda when he arrived a decade ago: stubbornly low inflation and a sluggish economy to go with it.
The difference is that Kazuo Ueda, expected to be nominated Tuesday to succeed Mr. Kuroda, will take office with less confidence that Japan’s central bank can fix those problems, which date to the 1990s.
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