Aso says gov't won't insist on policy accord with BOJ

Politics Jan. 07, 2013 - 06:39AM JST ( 6 )

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6 Comments

3

globalwatcherJan. 07, 2013 - 10:02AM JST

The LDP is playing with fire.

Aso, stay away from BOJ. Keep it independent, PERIOD.
2

JeffLeeJan. 07, 2013 - 10:48AM JST

Abe has no right to "insist" or make any such "demands." The BOJ's indpendence is backed by the laws of the land.
0

spudmanreincarnatedJan. 07, 2013 - 02:46PM JST

Is it just me or does BOJ make others smile as well?
-1

ihope2eatwhalesJan. 07, 2013 - 06:19PM JST

Strictly speaking, BOJ does not need absolute independence from government.

In many countries, central bank has the policy of inflation target set by government.

So long as LDP does not go further than this, I do not worry so much about it.

However, maybe LDP would pressure BOJ to buy bonds to fund out of control spending by government. This is the real problem.
0

plasticmonkeyJan. 07, 2013 - 08:58PM JST

the government will not necessarily demand issuing a joint statement with the BOJ on measures to beat deflation, as long as the central bank sets a higher inflation target for itself.

Let me get this straight. The government will not coerce the BOJ into signing a policy accord as long as the BOJ follows the government's policy. Wow. Abe must have a really low respect for ordinary people's intelligence.
-1

JBinJapanJan. 08, 2013 - 03:19AM JST

Aso and Abe are using the same, old, and failed policies to revive the economy. Cut wasteful spending at all levels, lower taxes on income and business, and foster more entrepreneurship-that's what the government needs to do.

Deflation is a symptom of a stagnant economy not the problem in itself.