Bank of Japan, a role model for the ECB?

This article looks at recent comments from Gerhard Schroder that Europe "can learn something from Japan and its great monetary policy." Japan is the only major industrialized economy in the past 70 years to experience prolonged deflation and now its much awaited recovery is losing steam. Rather, Schroder's comments refer to the BOJ's aggressive efforts to weaken the yen in recent years, it says.

Click here to read the article "Bank of Japan, a role model for the ECB?" on the International Herald

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