
“Mr Abe’s Liberal Democratic Party (LDP) won a landslide victory on Sunday, securing a two-thirds ‘super-majority’ in the Diet with allies that can override senate vetoes. Mr Abe said he would ‘set a policy accord’ with the Bank of Japan for a mandatory inflation target of 2pc, backed by ‘unlimited’ monetary stimulus. ‘It’s very rare for monetary policy to be the focus of an election. We campaigned on the need to beat deflation, and our argument has won strong support. I hope the Bank of Japan accepts the results and takes an appropriate decision,’ he said. He has already threatened to change the Bank of Japan’s governing law if it refuses to comply.”
Related posts:
Italy’s Credit Rating Cut to BBB by S&P; Outlook Stays Negative
French and Italian debt chiefs warn on EU Tobin Tax
Massachusetts prodded by feds on REAL ID with security restrictions
Journalist Barrett Brown fights media gag order in Stratfor hacking trial
America’s new ‘digital public library’ brings millions of documents online
Japan: Fukushima clean-up will cost $58 billion
Rooftop urban gardeners in Bangkok grow edible algae
Death penalty for grandmother convicted in girl's running death?
Email exchange between Edward Snowden and former GOP Senator Gordon Humphrey
Yahoo malware turned European computers into bitcoin slaves
Addiction to morphine and heroin can be blocked: research
Ahmadinejad hopes to expand ties with Argentina
Taliban urge Obama to pull troops out now
Strong smell of marijuana reported inside Colorado Capitol
Foster children taken away from UK couple for political party membership