IMF official-Japan ought to adopt inflation target

JAPAN - The Bank of Japan needs to adopt an inflation target to stop price falls within 12-18 months, an International Monetary Fund official said Tuesday.

Governor Masaru Hayami said recently he expected prices to continue to fall gradually as the economy deteriorated further although pressure from weak exports and excess inventories was easing.

David Robinson, senior advisor in the IMF's research department, said the BOJ ought to target price growth of 2%-3% in the medium term.

"I think in the

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: