World’s Biggest Pension Fund Doubts BOJ Can Achieve 2% Inflation

World’s Biggest Pension Fund Doubts BOJ Can Achieve 2% Inflation

Kiyoshi Ota/Bloomberg

The Bank of Japan has pledged to double the monetary base by the end of next year while Prime Minister Shinzo Abe is promising public spending, tax reform and freer markets to reinvigorate Japan’s economy.