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Japan's Abe To Meet Experts To Select New BoJ Chief

Japan's Prime Minister Shinzo Abe said Sunday that he will meet experts, including Yale University Professor Koichi Hamada, in the process to choose a successor to Bank of Japan Governor Masaaki Shirakawa.

The next central bank chief should be someone who can make "bold" policy moves, Abe reportedly told public broadcaster NHK.

Shirakawa's term at the helm of the BoJ ends in April this year. Abe reiterated that the government and BoJ should reach an agreement on setting inflation target at 2 percent.

The next meeting of the central bank's Policy Board on January 21-22 is expected to take a decision on the inflation target as advocated by Abe. After the December meeting, BoJ has said it will discuss price stability in the January meeting.

by RTTNews Staff Writer

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