BOJ policymaker warned of Great Depression-like downturn at April mtg
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TOKYO (Reuters) - Policymakers must act boldly to avoid the repeat of the Great Depression in the 1930s, a Bank of Japan board member was quoted as saying at April's rate review, according to a summary of their opinions released on Monday."The BOJ must re-examine the effectiveness of its current policy to prevent Japan from slipping back into deflation," another opinion voiced by one of the nine board members showed.The BOJ expanded stimulus on April 27 and pledged to buy an unlimited amount of..