Can Fukui pull isolated BOJ in from the cold?

ARTICLE - This article asks whether Fukui will tread his own monetary policy path in an effort to rid Japan of deflation and adopt unorthodox measures which Masaru Hayami steadfastly resisted.

First published in The Asahi Shimbun, 20 March.

The new central bank governor has kept his policy cards close to his chest. Under immense pressure to stamp out deflation, which has hammered corporate bottom lines for over four years, Toshihiko Fukui takes office today as the new governor of the Bank of Japan

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