Outgoing BoJ chief Shirakawa says failed on deflation
- Published: 19 Mar 2013 at 16.49
- Online news: World
The Bank of Japan's outgoing governor on Tuesday acknowledged he failed to end the country's long-running deflation, but pointed to better times ahead as he steps down from the post.
Masaaki Shirakawa, the Bank of Japan's outgoing governor, is pictured at a press conference in Tokyo on March 7, 2013. He on Tuesday acknowledged he failed to end the country's long-running deflation, but pointed to better times ahead as he steps down from the post.
Masaaki Shirakawa, 63, leaves the job about three weeks before the official end of his term after sparring with Prime Minister Shinzo Abe over policies aimed at stoking the world's third-largest economy.
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