The document discusses the Bank of Japan's (BoJ) concerns about missing its inflation target and the potential need for additional easing if the economy does not gain momentum. It highlights changes in the BoJ's assessment of risks to prices and the findings of a research study on the impact of quantitative easing (QE). The central bank chief is cautious about missing the original 2-year timeframe for inflation targets and the implications for fiscal policy.
documents/EFTA01365712.pdf
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