“Hyperinflation is ‘unthinkable,’ Prime Minister Shinzo Abe said Monday, citing the Bank of Japan’s ability to make adjustments after enacting bold monetary easing. ‘If the rate of inflation exceeds the 2% target, the BOJ would naturally proceed with a policy to keep it within 2%,’ he told reporters. At the same time, Abe noted that the government ‘must keep a keen eye on trends in prices and long-term interest rates.’ The prime minister stressed the need to improve the country’s finances, indicating a stance of limiting monetary policy side effects with an eye on government bond prices.”
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