Japan PM Abe: Strongly hopes BOJ takes bold monetary easing to achieve 2% inflation as soon as possible

  • Will debate monetary policy once every quarter at govt’s top economic council, to hold BOJ accountable for its policy goals
  • First debate will be held at government’s next economic council meeting
  • Japan’s government panel says it’s important to halve primary budget deficit by financial year 2015 and achieve a surplus by FY 2020
  • Gov’t panel should limit bond issuance as much as possible for this coming financial year

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