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Draghi to Bernanke Inflation Slump Dims BOJ Target

From bloomberg.com

Bank of Japan Governor Haruhiko Kuroda’s bid to end 15 years of persistent deflation is endangered by the failure of counterparts in the U.S. and Europe to meet their own price goals. Citigroup Inc.’s Inflation Surprise Index for Group of 10 economies dropped to negative 21.80 in October, the lowest since April 1998 and signaling data fell short of analyst estimates. A BOJ board member was monitoring whether domestic consumer prices could keep rising with disinflation overseas, minutes of the Oct. 3-4 policy meeting released last week show. Japan’s 10-year yield fell to a six-month low on Nov. 8 even after the BOJ ... (full story)

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