The Bank of Japan's big mistake

According to this article by Stephen Roach, published on Friday 26 January by Money Week, the Bank of Japan has dealt a stunning blow to central bank independence.

"Ironically, it's not as if the BOJ did the wrong thing insofar as the policy decision itself was concerned," the article says.

"The problem is that BOJ governor Toshihiko Fukui had been direct and adamant for quite some time in offering his own take on policy wisdom - in effect, leaving the distinct impression that a rate hike was

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