BoJ nominee sets out aggressive ideas

Underlining expectations he would be an aggressive governor, Haruhiko Kuroda told lawmakers the BoJ’s current policies were not powerful enough to boost inflation to 2%. — EPA

TOKYO: The Japan government's nominee to be the next central bank governor has outlined more forceful policy prescriptions to finally defeat deflation, saying he would not set any limits on the amount of cash the Bank of Japan (BoJ) pumps into the economy.

Underlining expectations he would be an aggressive governor, Haruhiko Kuroda told lawmakers the BoJ's current policies were not powerful enough to boost inflation to 2%, a target he said the central bank should strive to achieve in two years.