BoJ’s Iwata dismisses hyperinflation fears

Central banks first employed targets to shackle, not boost, inflation

kikuo-iwata

Kikuo Iwata today dismissed fears the Bank of Japan's (BoJ) quantitative and qualitative easing would result in hyperinflation – insisting the central bank would step in long before that occurred.

Iwata, a BoJ deputy governor, told an audience at the International Centre for the Study of East Asian Development the central bank's 2% inflation target was designed to work symmetrically, and prevent inflation from becoming too high as well as too low.

Japan doubled its inflation target to 2% in

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