Rehn: Japan’s Actions ‘Understandable’ To Fight Deflation
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Japan’s record monetary policy easing and the weakening yen make sense given the nation’s challenges of recession and deflation, European Union Economic and Monetary Affairs Commissioner Olli Rehn said today.
“I can well understand that Japan is taking very forcible policy action in this juncture,” Rehn said in a Bloomberg Television interview at International Monetary Fund meetings in Washington this week.