Japan's support for inflation targeting grows

Minutes of the Bank of Japan's April meeting published Monday showed at least two of the BoJ's nine policy board members favour the introduction of a "reference rate of inflation" to halt deflation.

Source: Financial Times

At least two of the Bank of Japan's nine policy board members believe it would be useful for the central bank to introduce a "reference rate of inflation" to halt falling prices, according to minutes of a regular April meeting published on Monday 16 June.

Signs that a broad go

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