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The Bank of Japan said Monday it will hold an extraordinary policy-setting meeting Tuesday to cope with economic ramifications of the war on Iraq.

It will constitute the first extraordinary Policy Board meeting since a new BOJ law took effect in April 1998. It will also be the first policy-setting meeting to be held under the leadership of new BOJ Gov. Toshihiko Fukui, who took over from Masaru Hayami last week.

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