Spot-Fixing Scandal

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Tracking Sensex

Tracking Sensex

Top five losers, gainers this week.  Full Article 

AirAsia  in India

AirAsia in India

AirAsia India launch seen in Q4; may order 50 more Airbus jets: CEO.  Full Article 

News Corp Writedown

News Corp Writedown

News Corp to take charge of up to $1.4 billion this quarter.  Full Article 

Detroit Crisis

Detroit Crisis

What Detroit crisis? Pension fund trustees hang out in Hawaii.  Full Article 

Jet, Spicejet Results

Jet, Spicejet Results

Jet Airways, SpiceJet report quarterly losses.  Full Article | Related Story 

Deflated expectations

Deflated expectations

Breakingviews columnists discuss the implications of inflation being in decline globally.  Video 

Gold Outlook

Gold Outlook

Gold faces more pressure as inflation stays tame.  Full Article 

Revenge of Markets

Revenge of Markets

For months, markets have been dancing to central bankers' tune, but that may now be changing, writes James Saft.  Full Article 

Buy, Sell or Hold?

Buy, Sell or Hold?

Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade.  Full Coverage 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage 

Japan Abe aide: No need to revise BOJ law if it meets expectations

Related Topics

Shinzo Abe, Japan's incoming Prime Minister and the leader of Liberal Democratic Party (LDP), attends a meeting at the LDP headquarters in Tokyo December 21, 2012. REUTERS/Toru Hanai

Shinzo Abe, Japan's incoming Prime Minister and the leader of Liberal Democratic Party (LDP), attends a meeting at the LDP headquarters in Tokyo December 21, 2012.

Credit: Reuters/Toru Hanai

TOKYO | Fri Dec 21, 2012 2:23pm IST

TOKYO (Reuters) - A close aide to Japan's next Prime Minister Shinzo Abe said on Friday that as long as the central bank meets the party's expectations for a 2 percent inflation target and more aggressive monetary easing, there will be no need to revise the Bank of Japan law.

Abe, whose Liberal Democratic Party won Sunday's election by a landslide, has put the central bank's independence on the line by repeatedly calling for a binding 2 percent inflation target, double its current price goal.

"I think there is no need to revise the law if the BOJ takes measures that we have been seeking," Katsunobu Kato, special assistant to Abe, told Reuters in an interview.

On Thursday, the BOJ delivered its third shot of monetary stimulus in four months, in a prelude to more aggressive action next year as it faces intensifying pressure from the country's next leader for bolder action to beat deflation.

(Reporting by Kaori Kaneko and Stanley White; Editing by Edwina Gibbs)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.