Fears over BoJ independence as central bank bows to government

bank-of-japan

The Bank of Japan (BoJ) has yielded to long-running pressure from Japanese prime minister Shinzo Abe to take measures to boost the country's struggling economy – prompting fears from a number of economists that the BoJ's independence has been harmed.

A joint statement published today (January 22) by the Bank of Japan and the Japanese government said the central bank would aim to achieve the target "at the earliest possible time", by introducing a 2% inflation target and open-ended asset

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