Currently, the monetary and fiscal policy moves meant to shock the country out of its deflationary spiral is being sabotaged by the unexpected global sell-off in commodities The continued decline in commodity prices and slow consumer spending, have forced the BOJ to push back the target timeframe three times. It now expects to meet this target around the second half of fiscal 2016/17, but most pundits consider even this highly unlikely. With the falling commodities and consumer prices keeping inflation from rising, Japan’s Economics Minister Akira Amari on Tuesday began to lay the groundwork for the country’s central ... (full story)