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Comments on: Is that an inflation target … http://www.tvhe.co.nz/2012/02/15/is-that-an-inflation-target/ The Visible Hand in Economics Thu, 16 Feb 2012 19:18:20 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Matt Nolan http://www.tvhe.co.nz/2012/02/15/is-that-an-inflation-target/#comment-36690 Thu, 16 Feb 2012 19:18:20 +0000 http://www.tvhe.co.nz/?p=6674#comment-36690 In reply to sigma1.

Sounds like they this is one area they need to listen to Western policy makers and they aren’t – a strange turn of events to be sure.

]]> By: sigma1 http://www.tvhe.co.nz/2012/02/15/is-that-an-inflation-target/#comment-36641 Wed, 15 Feb 2012 02:34:26 +0000 http://www.tvhe.co.nz/?p=6674#comment-36641 It will be interesting to see if it becomes an explicit target. It is most likely an informal declaration to forestall political pressure which is coming from impatient politicians who have been threatening the BOJ with “reform.” If it was a reform just to introduce inflation targeting that might not be so bad as you indicate. But some of the proposals are to take away the independence of the BOJ, even so far as giving the MOF control over some of its functions. Not good. 

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