Comment: Japanese spat threatens recovery

Japanese policymakers face enormous challenges over the coming months as the country's economy edges towards normality. One of the key issues is how to coordinate the need for both fiscal and monetary tightening. Judging by recent developments, the danger of a stand-off between the Bank of Japan (BoJ) and fiscal-policy makers looms large.

The BoJ has cautiously begun to flag a return to non-zero interest rates by the first half of next year to the market. Central bank officials have been

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