Opinion
Is inflation finally about to return to Japan?
The Lex ColumnMervyn King, former Bank of England governor, once compared his performance to Argentine footballer Maradona dancing through England's defence. His point was that he could hit an inflation target while doing very little.
Haruhiko Kuroda, Bank of Japan governor, must explain the opposite: having flooded the bond market with yen and cut rates below zero, why is core CPI inflation at minus 0.5 per cent, a long way from his 2 per cent target?
Financial Times
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In World
Fetching latest articles