Tokyo prime minister Shinzo Abe (Shinzo Abe said, the bank of Japan (BOJ) has to be set to 2% inflation target, make it become a medium-term and long-term goals are determined for the pursuit of bold loose monetary policy, display market end the nearly twenty years of deflation.
The government is working with the bank of Japan issued a joint statement this month, the central bank responsible for implementing inflation of 2%, its current price target two times.
"The central bank, basically, it says 1% of the inflation rate as a loose goal, this does not mean that it is responsible for implementing it does not show the firm determination, shinzo Abe said:" last Sunday tell public broadcasting company NHK.
"Statement must make it clear, 2% of the target, this will lead to fundamental changes" methods of guiding policy, he said.
The bank of Japan set 1% inflation rate of the target for 2 months and loose monetary policy in 2012, 5 times.
Japan is to stay in the fourth economic recession since 2000, depend on export economy appear strong yen.
Shinzo Abe, who won the election with a landslide victory. Last December, the accumulation of pressure, the bank of Japan take more bold try to beat the deflation, threatened to modify the legal guarantee, if his demands were not met its monetary policy independence.
In the strong pressure, the central bank will consider in January 21-22 rate review loose monetary policy, response, shinzo Abe, telephone, the inflation target two times, sources told Reuters.
May be released on January 22, in the joint statement, the bank of Japan hope as a long-term goal to describe new goals don't set a specific time, leave their flexibility to guide future monetary policy.
However, shinzo Abe warned that 2% of the inflation rate is not good enough "a long-term goal". "This is too long. It should be a medium-term, otherwise the market will also have no reaction to come over," he said.
The council on economic and fiscal policy, the government's top economic director of the bank of Japan to attend regular panel, can call a meeting, focus on monetary policy and schedule, shinzo Abe said.
Shinzo Abe also said he will work with in Tuesday's monetary policy experts, including his special economic adviser most offshore field, seek advice who will be suitable for the bank of Japan governor in the future.
"Basically, I want to choose who can implement bold monetary policy and who share our opinions," he said.
Abe's government has the right to nominate, central bank governor BaiChuan FangMing (Masaaki Shirakawa) successor, his term is 4 month, although the nomination need parliament's approval. Shinzo Abe under the control of the house, but the senate.
Japan last week through a $117 billion economic stimulus plan, since the financial crisis since the big spending, try to improve and promote economic development. Shinzo Abe is in gambling, from the central bank transfer to a more aggressive fiscal policy and looser monetary policy, can end years of "stop growing.



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