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2014.09.1204:18:45UTC+00Japanese yen decelerates over growth, inflation goals

The Japanese yen wiped out more ground Thursday as Prime Minister Shinzo Abe and Bank of Japan Governor Haruhiko Kuroda were huddling over meeting the country’s growth and inflation goals.

The yen reached a new six-year trough versus the US dollar, crossing the ¥107 per the greenback.

On Thursday, Abe met with Kuroda who reiterated his pledge to expand monetary easing measures if needed, as the central bank was straining to hit 2% inflation target by next year and uplift economic growth, as part of the country’s aim to overcome inflation that has been affecting the economy for years.

"While this uncertainty could lead to negative market reactions in the short term, the longer term will depend on the decisions being made during the transition," Bill Murray, IMF Spokesperson. 

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