Japan PM gets inflation goal, next on list, a new BOJ governor

Bank of Japan

"I think the BOJ and the next governor after Shirakawa are likely to be asked or expected to hammer out bolder measures," said Mitsushige Akino, executive director and chief fund manager at Ichiyoshi Asset Management in Tokyo.

Analysts generally agree BOJ action alone won't reinflate the economy. For its part, the cabinet this month approved about $117 billion of spending in Japan's biggest stimulus since the global financial crisis.

But many economists say the combined measures will provide only a temporary boost unless the government follows through with politically more difficult economic reforms such as deregulating its protected farming sector.

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