Dissent erupts between government, Bank of Japan

Simmering differences between the government and the Bank of Japan over how to revive the economy burst into the on Feb 16, 2001 on the eve of a high-profile meeting of finance ministers and central bankers of the world's seven richest nations. Finance Minister Kiichi Miyazawa said members of the Group of Seven (G7) were concerned about deflation in Japan. "They do not expect Japan to become an engine of world growth, but they do hope Japan can achieve positive growth," he said.But Bank of

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