Ex-BOJ Matsushima: need broad, combined policy

ARTICLE - Japan will succeed in ridding its economy of deflation only when the government and the Bank of Japan implement a coordinated, broad-based policy, according to an ex-BOJ senior official.

First published by Dow Jones Newswires, 31 January.

Injecting ever-larger amounts of cash into Japan's financial system or even adopting an inflation target won't be enough to counter widespread expectations that deflation is here to stay, said Masayuki Matsushima, a former BOJ executive director in

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