21 September 2001, 08:53  Hayami says BoJ has no intention to introduce inflation targeting system

TOKYO (AFX-ASIA) - Bank of Japan Governor Masaru Hayami said the BoJ has no intention to introduce a system of inflation targets. Speaking to a committee of the lower house, Hayami said: "Although the government is arguing the need to introduce an inflation targeting system, if this means the BoJ will have to set a relatively high inflation rate to achieve the target by all possible means, we do not agree to that.

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