IMF sees need for Japan inflation target

A senior adviser at the IMF's research department said Friday that the Bank of Japan needs to create expectations that deflation can be beaten and should consider introducing an inflation targeting policy.

Source: Reuters

The Bank of Japan needs to create expectations that deflation can be beaten and should consider inflation targeting, a senior adviser to the International Monetary Fund said on Friday.

"One of the key issues for Japan is the need to change expectations," David Robinson, senior