Comment on Bank of Japan's Shirakawa, Boosting QE Against Non-Existent Deflation, Called by Likely Next PM to Raise Inflation to 3%

Bank of Japan's Shirakawa, Boosting QE Against Non-Existent Deflation, Called by Likely Next PM to Raise Inflation to 3%

Shirakawa’s five year term ends in March of next year. Last week the Tokyo stock market jumped on rumors that Abe might appoint former Koizumi administration economics minister Takenaka Heizo as Shirakawa’s successor. But Takenaka would hardly be the intellectual or technocratic equal of Shirakawa as Japan’s central banker, any more than Abe is the equal of Noda.

 

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