Economics
Abenomics Shows ECB Why Fiscal Backup Can’t Ensure Inflation
- Japanese government and BOJ have coordinated for six years
- Nation is no closer than the euro zone to its inflation goal
Shinzo Abe
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
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When Mario Draghi ended his term as European Central Bank president last week with a call for government policies to be “mutually aligned” with those of his institution, the message came with an unspoken caveat -- it might not be enough.