Nominees for Bank of Japan emphasize major role in deflation fight

03/4/2013 | Wall Street Journal, The · Wall Street Journal, The

Haruhiko Kuroda, nominated to head the Bank of Japan, gave strong signals that he would vigorously pursue inflationary policies at the central bank, saying he would "do everything possible" to pull the economy out of deflationary mode. Both Kuroda and Kikuo Iwata, nominee for a deputy governorship at the bank who spoke separately at a monetary conference, indicated the Bank of Japan bears primary responsibility for raising inflation expectations. Meanwhile, the latest economic indicators suggest that an inflationary outlook is already beginning to take hold.

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Wall Street Journal, The · Wall Street Journal, The

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