More comments are flowing in from the Japanese PM Abe’s Economic Adviser Hamada after he advised to shelve the BOJ’s inflation target.
The BOJ, however, did not need to abandon its 2 percent inflation target right now, as that could serve as a “safety valve” for when the job market deteriorates again or a sharp yen rise threatens Japan’s export-reliant economy.
Since the world economy faces substantial turbulence, the BOJ can wait (in changing) its policy stance.
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