Shirakawa deflects criticism over off-target inflation

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The Bank of Japan's (BoJ) "aggressive monetary easing" has substantially eased conditions in financial markets, but additional factors are preventing the benefits feeding into the wider economy, Masaaki Shirakawa, the governor of the BoJ, said today (November 26).

Shirakawa said monetary easing, through near-zero interest rates and asset purchases, had "thoroughly permeated" the financial environment, but the benefits were being held back as firms and households were not taking advantage of the

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