FOCUS: Despite oath to work with new gov't, BOJ left with little ammunition

With little room left for additional monetary easing, the Bank of Japan looks caught in a bind after Governor Haruhiko Kuroda’s promise to work hand in hand with the new government led by Prime Minister Yoshihide Suga.In a move that has reassured financial markets, Suga has made it clear he will carry on with his predecessor Shinzo Abe’s “Abenomics” policy mix that centers on bold monetary easing by the BOJ.But harsh reality awaits the central bank, which has already launched unprecedented easing steps, as it may not be able to respond to calls for more action if the coronavirus-battered econo…

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