July 24, 2013

Japanese government determined to defeat deflation through purchases of government debt

" Determined to defeat Japan's 15 years of deflation and hit the bank's 2 per cent inflation target in about two years, the BOJ (Bank of Japan) has pledged to double the amount of cash it pumps into the economy mainly through aggressive purchases of Japanese government debt"



Source: Lose money is delivering the goods: BOJ chief
By Takashi Nakamichi
The Wall Street Journal
The Australian Newspaper
Monday July 22nd 2013, page 20

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