The promise of “drastic monetary easing” from Haruhiko Kuroda, expected to be confirmed in the top role at the Bank of Japan (BOJ) within weeks, raised concerns over the impact on trade.
Mr Kuroda said he would set no limits on the amount of money the Bank pumps into the economy, warning its current policies were not enough to lift inflation to the 2pc target.
Japan, the world’s third-largest economy, has been struggling with deflation for nearly two decades, with falling prices encouraging consumers to delay purchases in the hope of paying less later – entrenching the downwards economic spiral.
http://www.telegraph.co.uk/finance/economics/9907896/Japan-pledge-for-bold-action-sparks-currency-war-fears.html
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