Comment: BoJ and inflation targeting

As the Bank of Japan's "quantitative easing" policy nears its end, the question of whether the central bank may soon set an explicit inflation target is being hotly debated. Although the BoJ is still resisting the adopting the framework, the tide may well be turning in favour of the adoption of inflation targetting in Japan.

After years of deflation, Japanese prices have started to increase again. BoJ governor, Toshihiko Fukui, said this week that he expects the CPI data to show "a relatively

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