Hence the surprise move Friday. It was a close call — the vote on the bank's policy committee was 5 to 4, not like the unanimity of Mr. Kuroda’s earlier tenure. But the theater of it may have been helpful in the psychological aspect of persuading people in Japan that their central bank really is serious about getting higher inflation, and that citizens should make their spending and investment decisions accordingly. Inflation expectations tend to be self-fulfilling.
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Japan is boosting its economy with a simple idea you won't believe we're not trying @ Vox
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