Bank of Japan under pressure

JAPAN- The Bank of Japan was again under pressure from politicians as its two-day policy meeting began today. Worsening economic figures, despite cuts in the lending rate and injections of liquidity by the bank, have led to calls for inflation targeting.

"The economy is in a very severe state," Economics Minister Heizo Takenaka told the Upper House. Adding at a press conference that, "Given clearer signs that we are in a deflationary trend, monetary policy will be increasingly important. Auth