Extracts from an interview with Toshihiko Fukui

INTERVIEW - In an interview Toshihiko Fukui, a favourite to become the next governor of the Bank of Japan, says he has a great interest in inflation targeting. But if it was introduced it must be done in such a way as not to weaken discipline.

First published in the Asahi Shimbun, 20 January.

As Japan struggles with deflation, opinion is growing that the government and the Bank of Japan should conclude a policy accord. Toshihiko Fukui, director of the Fujitsu Research Institute, believes such a

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