BoJ willing to take risks to fight deflation

Giving a lecture in Tokyo on Wednesday Bank of Japan governor Toshihiko Fukui signalled a willingness to fight Japan's economic slump made worse by deflation. Fukui said the BoJ "is willing to take unlimited risks until prices turn positive".

Source: Associated Press

Monetary policymakers would consider taking "unlimited risks'' to reverse deflation - the downward trend in prices that has hobbled the world's second largest economy, Japan's central bank chief said Wednesday.

"The BOJ (Bank of Ja

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