Koriki Jojima wants BOJ to fight deflation

Finance minister Koriki Jojima wants the Bank of Japan to take bold policy steps while closely working with the government to beat deflation, piling pressure on the central bank to act on the eve of its rate review.

Jojima made the remark as worsening data reinforced market views that the central bank would boost asset purchases, probably by 10 trillion yen (HK$972 billion), today when it is tipped to cut projections.

Adding to growing evidence the economy may slide into a mild recession, retail sales rose a weaker-than-expected 0.4 per cent in the year to September.

via Business feed http://www.scmp.com/business/banking-finance/article/1072668/koriki-jojima-wants-boj-fight-deflation