INTERVIEW - Currently an adviser to Japan's Financial Services Agency Nobuyuki Nakahara is a favourite to land the job of governor of the Bank of Japan in March. In the interview he said the introduction of a 1-3 per cent inflation target would serve as a benchmark in figuring out a means of achieving that target, such as the growth rate of the monetary base and the central bank's share in the balance of government bonds.

First published in the Asahi Shimbun, Japan on 23 January.

If the Bank of