Chinese officials critical of BoJ move

Japan accused by senior Chinese banker of using quantitative easing to avoid dealing with the true sources of deflation.

Chinese officials critical of BoJ move
Haruhiko Kuroda

Most of the world is applauding the Bank of Japan’s dramatic announcement last week to double its balance sheet by the end of 2014 to pull itself out of its deflationary malaise. But that would not include most Chinese.

At this week’s Boao Forum for Asia, a Chinese government-backed conference of world government and business figures, Li Ruogu, chairman and president of The Export-Import Bank of China, and a former senior official at the People’s...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES