BOJ faces pressure to take more radical steps

JAPAN - The Bank of Japan's Policy Board will come under intense pressure this week to take more radical actions in countering what many fear is the growing threat of a deflationary spiral in the economy.

If the policymaking body fails to act voluntarily during its two-day regular meeting beginning on Thursday 11 October, the Parliament could pass a law compelling the central bank to adopt a formal inflation target, thereby eroding the relative autonomy it gained just a few years ago.

Since Mar