Q&A: Bank of Japan's inflation target

Published
image captionFalling consumer prices have been a big hurdle to Japan's attempts to boost domestic consumption

Japan has an inflation problem - it does not have enough.

Instead, for almost two decades, the country has suffered from on-and-off deflation, or falling prices.

On Tuesday, in an effort to draw a line under the years of deflation, the central bank agreed to double its inflation target to 2% and to keep spending until things have turned around.

image captionMr Abe had suggested the bank should print unlimited yen to try and stoke inflation

More on this story