Japan’s LDP Proposes 3% Nominal GDP Target
It gets better! Bloomberg reports:
Abe advocates increased monetary easing to reverse more than a decade of falling prices and said he would consider revising a law guaranteeing the independence of the Bank of Japan. (8301). In an economic policy plan issued yesterday, the LDP said it would pursue policies to attain 3 percent nominal growth. The party governed Japan for more than half a century until ousted by the DPJ in 2009.
Categories: Japan
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November 18, 2012 at 07:31 | #1BoJ might become the first central bank in the world to introduce NGDP targeting « The Market Monetarist
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December 26, 2012 at 03:59 | #2Central Banks Can Phase in Nominal GDP Targets without Losing the Inflation Anchor | Jeff Frankels Weblog | Views on the Economy and the World
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