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It didn't happen at last night's meeting, but the BOJ is ready to set a 2% inflation target, as...

It didn't happen at last night's meeting, but the BOJ is ready to set a 2% inflation target, as demanded by incoming PM Shinzo Abe. "We intend to make the decision at the next meeting in January," says BOJ Governor Shirakawa ... We took into account (Abe's) request." So much for independence. After strengthening overnight, the yen has returned to unchanged vs. the greenback.
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Comments (3)
  • ronis100
    , contributor
    Comments (28) | Send Message
     
    sayonara to shirakara--if the boj isn't going to help japan--time for new management at the boj
    20 Dec 2012, 05:27 PM Reply Like
  • untrusting investor
    , contributor
    Comments (9964) | Send Message
     
    And how is inflation going to help the average Japanese citizen??
    20 Dec 2012, 07:46 PM Reply Like
  • Island_Dweller
    , contributor
    Comments (534) | Send Message
     
    Inflation doesn't sound like it will help, but in Japan's case their backs are up against a wall. By mass printing of the yen, inflation will kick in and 2% is about where the U.S. is currently. The goal is to get Japan's export-heavy economy back to consecutive quarters of growth. A growing economy is better for the average Japanese citizen even using methods that are otherwise less than ideal.
    20 Dec 2012, 11:50 PM Reply Like
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