Japan's economy minister rejects target idea

Japan's economy minister rejected the idea of inflation targets on Tuesday 28 February, calling on the Bank of Japan to instead adopt a flexible approach.

Japanese economy minister Kaoru Yosano said he was opposed to inflation targets, which some experts have suggested as a solution, saying such a measure may restrict the BOJ's policy.

"If you put too rigid of a framework on it, the BOJ will lose flexibility in monetary policy and that would in turn be a minus for the Japanese economy," he told

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