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LDP leader Abe: BOJ must ease until inflation hits 3%

Published on Nov 7, 2012 10:45 AM

TOKYO (REUTERS) - Japan's main opposition leader Shinzo Abe said on Wednesday that the Bank of Japan should continue monetary easing until it achieved 3 per cent inflation, signalling the central bank could come under more political pressure after the next general election.

Mr Abe's Liberal Democratic Party (LDP) leads in opinion polls, which puts the former prime minister in pole position to become the next premier in an election expected within months.

"The Bank of Japan basically needs to continue unlimited easing till 3 percent inflation is achieved," Mr Abe told a gathering of business executives and academics.

He noted that although 3 per cent looked like a good target, further discussion was needed and it would be up to the central bank to decide what measures to take.

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