BoJ can take bolder measures: Takenaka

The Bank of Japan (BoJ) could take more radical action to boost the ailing economy such as setting an inflation target, Financial Services and Economy Minister Heizo Takenaka said on Friday.

Central bank governor Masaru Hayami, who is opposed to such moves, is due to resign in March and many investors are hoping the government will replace him with someone more willing to take bold measures to ease monetary policy.

Mr Takenaka said he expressed his view of the need for stronger monetary easing