Tuesday, April 13, 2010

UPDATE 1-Japan ruling party panel says seeks 120 yen per dlr

http://www.reuters.com/article/idUSTOE63C06620100413?type=usDollarRpt

he lawmakers also urged the central bank to carry out drastic monetary easing until deflation is completely beaten, a move that is likely to add pressure on the BOJ to do more to end price falls.

They said the government needs to set an annual consumer inflation target of over 2 percent, and that the BOJ should try to achieve the target through its own policy measures.

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