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BARI, Italy, May 12 (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Friday that trade protectionism won't be a solution to fix the problem of widening global inequality.
Speaking to reporters ahead of a meeting of Group of Seven finance ministers and central bankers in the southern Italian city of Bari, Kuroda said a steadily recovering global economy is having a positive effect on Japan although domestic inflation remains low.
The BOJ chief said Italian banks' non-performing loans needs to be tackled but didn't see the bad debt posing significant negative impacts on the financial system of Italy and Europe. (Reporting by Tetsushi Kajimoto; Editing by Shri Navaratnam)