The BOJ must double its inflation target to 2% or the government will pass a law forcing it to...

|By:, SA News Editor

The BOJ must double its inflation target to 2% or the government will pass a law forcing it to do so, says incoming PM Shinzo Abe. BOJ Governor Shirakawa seemingly already waved the white flag on this matter last week, but he's also on record as saying 2% is unrealistic given Japan had a 1.3% average inflation rate even during the bubble years.