Q&A: Bank of Japan's inflation target
- Published
Falling consumer prices have been a big hurdle to Japan's attempts to boost domestic consumption
Japan has an inflation problem - it does not have enough.
Instead, for almost two decades, the country has suffered from on-and-off deflation, or falling prices.
On Tuesday, in an effort to draw a line under the years of deflation, the central bank agreed to double its inflation target to 2% and to keep spending until things have turned around.
Who cares about inflation?
Why is this target important for Japan?
Is this the first time Japan has set such a target?
Mr Abe had suggested the bank should print unlimited yen to try and stoke inflation
Can it achieve the 2% target?
Why does Japan need to boost domestic consumption?
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