The Finance Minister isn’t pleased, he thinks the central bank could do a lot more:
“Mr Kan did say that the bank and the government agreed at least on the direction of policy and added, “I think we’ll be able to see an end in sight for deflation within two or three years.”
This from the country that spent a lost decade in deflation, mainly because its policymakers and central bank were too worried about inflation and unwilling to take strong measures to get the country growing again.
Gorilla asks: “Sound familiar? America seems to have the same yen!”