Japan Shiokawa/ Hayami: Reiterate need to reflate

- Central Banking staff
- 02 Nov 2001

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JAPAN - Japanese Finance Minister Masajuro Shiokawa told Bank of Japan Governor Masaru Hayami on Friday he wants the BOJ to boost consumer prices back to levels seen before Japan was gripped by deflation.

Shiokawa said the central bank needn't adopt an inflation target - a move some vocal critics of the BOJ have called for - but reiterated his view that the BOJ should take steps to reflate Japan's deflationary economy.

"We ought not to have inflation targets, but we need to bring prices toward

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