• Hanno, Saitama


Shinzo Abe’s proposed 2 to 3 percent inflation target, cited in the Nov. 19 front-page article “Abe pledges to make BOJ buy bonds,” should not be arbitrary; it ought to reconcile with the rate of productivity growth to preserve stable prices.

What he is suggesting will merely result in a restoration of the same illusion of the past that led to Japan’s problems.

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