From Governor Bernanke to Governor Shirakawa

U.S. Federal Reserve Chairman Ben Bernanke with Masaaki Shirakawa, governor of the Bank of Japan, at a 2010 international banking conference Photograph by Tomohiro Ohsumi/Bloomberg

Bank of Japan Governor Masaaki Shirakawa said a 1 percent inflation goal introduced in February is still distant, underscoring the central bank’s struggle to reverse a decade of deflation.

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