BOJ under pressure to target inflation

ARTICLE - As Hayami's term is about to come to an end speculation not only mounts as to his successor but whether the Bank of Japan should introduce an inflation target under the new leadership.

First published in the Asahi Shimbun, 18 January.

Now that all the fiscal policy levers have been pulled, many want the central bank to act. As Bank of Japan Governor Masaru Hayami nears the end of his term of office, a growing chorus of voices in the ruling Liberal Democratic Party and the government is

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