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Ex-BOJ gov Shirakawa urges re-examination of monetary framework, inflation targets

Ex-BOJ gov Shirakawa urges re-examination of monetary framework, inflation targets

Masaaki Shirakawa was Bank of Japan Governor from April 2008 until March 2008.

He expressed his opinion in a piece written for the IMF.

  • He said the prior to the recent spike in inflation, many central banks in advanced economies were "overwhelmingly" concerned about low inflation, and failed to restrain rapid price gains by judging them as transitory
  • By allowing inflation to overshoot their targets, central banks "forgot the difficulty of taking away the monetary pu... Read More
Posted: Mar 2 2023, 03:12
Author Name: forexlive
Views: 102534

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