BoJ’s Iwata dismisses hyperinflation fears
Central banks first employed targets to shackle, not boost, inflation
Kikuo Iwata today dismissed fears the Bank of Japan's (BoJ) quantitative and qualitative easing would result in hyperinflation – insisting the central bank would step in long before that occurred.
Iwata, a BoJ deputy governor, told an audience at the International Centre for the Study of East Asian Development the central bank's 2% inflation target was designed to work symmetrically, and prevent inflation from becoming too high as well as too low.
Japan doubled its inflation target to 2% in
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