BOJ still opposes to further monetary easing in Japan

Note: This section contains information in English only.
Source: CNBC
© scanpix/reuters
Opposing views on Japanese economic recovery appeared, as the newcomers were in favor of further monetary easing, whereas Masaaki Shirakawa, BOJ Governor, stayed to his previous statement that the monetary expansion, without any changes in the fiscal policy, will not solve the deflation turmoil in Japan. Sato, one of the former economists, stated that monetary policy should be closely linked to a surge in consumer prices and doubted the possibility of reaching the BOJ's set 1% inflation rate by the end of March 2015.
"Japan's consumer inflation may gradually exceed 1 percent if government and private-sector efforts to boost Japan's growth potential bear fruit," Shirakawa told reporters after the meeting with business leaders.

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