This was a headline over the weekend, courtesy of Koichi Hamada, key economic adviser to Abe:
The 2 percent inflation target will produce positive effects in six to 12 months if the Bank of Japan continues to take appropriate measures toward that goal,
He also said:
- Tuesday’s joint statement from the government and BOJ was “major progress”
- He still want the BOJ law revised, the government should set monetary policy goals
