Joint action is in store as Japan targets 2% inflation

A joint agreement has been reached between the new Japanese government of Shinzo Abe and the Bank of Japan to work toward a target of 2% inflation. The central bank is expected to extend its quantitative easing while the government provides stimulus. However, a key adviser to Abe says the bank should be prepared to scale back if the yen-weakening initiative goes too far.

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Mainichi (Japan), The · Financial Times (tiered subscription model) · Yomiuri Shimbun (Japan) · Bloomberg

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