BoJ’s Shirakawa calls for 'drastic deregulation' to promote growth

masaaki-shirakawa

The governor of the Bank of Japan (BoJ), Masaaki Shirakawa, today (August 24) called for a "two-pronged" strategy to promote both foreign and domestic demand by encouraging firms to take advantage of easy credit.

Speaking at a meeting of business leaders in Osaka, Shirakawa said a major problem facing Japan's economy was that, despite monetary easing by the BoJ, firms were not investing. To promote investment, "we need two things: drastic deregulation at the macro level and the creation of

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