BoJ’s Shirai hints deflation is partly out of the central bank’s hands

sayuri-shirai

A deputy governor of the Bank of Japan (BoJ), Sayuri Shirai, says certain factors behind Japan's persistent zero or negative inflation rate are partially or completely beyond the central bank's control.

Speaking today (January 16) at a conference organised by the Bank of Italy, Shirai avoided directly shifting the blame for deflation onto the government or firms, but says structural rigidities caused by "various regulations, a lack of adequate support in developing new industries, and slow

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