Tuesday, December 20, 2005

Right Royal Row Over the BOJ

Things down at the Bank of Japan are hardly calm these days. On one version of events (see yesterdays Tankan) Japan is about - finally - to emerge from deflation, and the BoJ naturally enough wants to 'normalise' monetary policy. The politicians however are non-too clear about this:"Japan’s ruling Liberal Democratic party will on Thursday urge the Bank of Japan to tie its monetary policy to

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