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Bank of Japan Gov. Yasuo Matsushita defended the bank’s prolonged easy monetary policy Wednesday as he responded to commonly asked questions and criticisms over its low interest rates.

Addressing businesspeople at a gathering in a Tokyo hotel, Matsushita denied that the easy money policy has unfairly benefited companies over households. He devoted nearly half of his 50-minute speech to justifying the low interest rate policy, saying it has helped firms increase profits and strengthen their financial structure.

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