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News Summary: BOJ chief says Japan economy mending

The Associated Press

FEELING BETTER? Japan's economy has stopped weakening and should show signs of recovery by midyear, the newly appointed central bank governor Haruhiko Kuroda said Thursday.

RISING SUN: Kuroda has pledged to work with the government to achieve a 2 percent inflation target, preferably within two years, and end years of growth-inhibiting deflation.

FOGGY FORECAST: Kuroda said there was still "a high degree of uncertainty" about the world's third-largest economy because of the crisis in Europe, the tenuous state of the U.S. recovery and often testy relations with China.