Hayami - BOJ won't adopt managed inflation policy

JAPAN - The Bank of Japan can't adopt high inflation targets that would involve measures to artificially reflate the economy, the central bank governor said 23 August.

"The BOJ can't adopt steps, otherwise known as a managed inflation policy, to achieve high inflation targets," Masaru Hayami said in a prepared statement.

"But the bank continues to study the issue of inflation targets as a way to improve the transparency of monetary policy," he said.

The governor's statement was addressed to a group

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