The Finance Minister's “Hopes and Dreams: U.S.A. Tour 2006” continues to embarrass and amaze:
Someone has to warn the Minister, “Nakagawa Hidenao is going to be waiting for you at the gate at Narita. Whatever you do, don't get in the car.”
Japan's Tanigaki Says Govt May Not Object to BOJ Policy Shift
Jan. 13 -- Japanese Finance Minister Sadakazu Tanigaki said the government may not object to a change in the Bank of Japan's zero-rate policy as more than seven years of deflation come to an end.
"There are various price indicators the Bank of Japan needs to examine carefully to make the policy decision," Tanigaki said in an interview today in Washington. "We are of course not assuming at this point in the situation that we would need to object" to a change in policy.
Tanigaki repeated that he hopes deflation in Japan will end in 2006. Sustained gains in consumer prices would allow Bank of Japan Governor Toshihiko Fukui to reduce the amount of money the bank pumps into the world's second-largest economy, a precursor to raising interest rates from zero. Tanigaki said he wasn't sure when the policy might change.