Bank of Japan targets deflation

JAPAN - Japan's central bank is ready to consider further steps to bolster the country's troubled economy, with an inflation target now a possibility, according to top finance officials.

There is widespread concern in Japan that economic stability could be threatened by falling prices and wages.

The central bank has already cut the cost of borrowing to 0%, and last Tuesday, 14 August, it went one step further and poured more yen into the Japanese economy.

But deflation is still continuing, and s

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