BoJ deputy says Abe's third arrow must hit target


Raising the potential growth of the Japanese economy is of "vital importance", according to Bank of Japan deputy governor Hiroshi Nakaso, who highlighted the importance of supply-side reforms in a speech yesterday.

Nakaso told an audience at the Athens symposium on Banking Union, Monetary Policy and Economic Growth that, together with a recovery in demand, lower potential growth had actually contributed to the recent increase in inflation.

The BoJ is not, however, attempting to increase

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