Abe Clashes With New Opposition Leader Over BOJ Inflation Policy
- Renho calls monetary policy a ‘failure,’ criticizes GPIF
- Abe says will work with BOJ, cites improvement in employment
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Japanese Prime Minister Shinzo Abe locked horns with new opposition leader Renho over Bank of Japan policy and his economic program Wednesday, in their first parliamentary standoff since she won a party election two weeks ago.
Renho, the leader of the main opposition Democratic Party, described the new framework from the central bank on Sept. 21 as an admission that the limits of monetary policy were being reached. She criticized Abe’s “three arrow" program of monetary, fiscal and reform policies.