Bank of Japan agrees to easing, targets 2% inflation

01/22/2013 | Wall Street Journal, The

After Japan's many years suffering through deflation, the Bank of Japan aligned itself with the new government's policy goals Tuesday and pledged a vigorous plan of monetary easing with a target of 2% inflation. Prime Minister Shinzo Abe welcomed the strategy change, calling it "a bold review of monetary policy, an epoch-making document. ... One can say that it marks a 'regime change' in managing macroeconomic policy."

View Full Article in:

Wall Street Journal, The

Published in Brief: