Takenaka calls on BoJ to help fight deflation

JAPAN - Heizo Takenaka, Japan's economy minister and the new head of the Financial Services Agency, on Wednesday called on the Bank of Japan to co-operate with the government on tackling deflation.

Mr Takenaka, whose surprise appointment as FSA chief has sent shares falling because of his tough stance on banks' non-performing loans, may attend the central bank's two-day policy meeting beginning today the Financial Times suggested.

He may ask the central bank to adopt an inflation target and take

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