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Japan PM, opposition chief clash over monetary policy
Nov 25th 2012, 06:15

TOKYO (Reuters) - Japanese Prime Minister Yoshihiko Noda said on Sunday that the opposition's call for radical monetary easing to beat chronic deflation was "dangerous" and defended the independence of the central bank, countering arguments by the front runner in next month's election. Noda and the leader of the Liberal Democratic Party (LDP), Shinzo Abe, differed sharply over monetary and foreign policy in separate television appearances ahead of the December 16 election which the opposition party is tipped to win in opinion polls. Abe reiterated his call for setting a 2 percent inflation target, which is double the current goal of the Bank of Japan, to pull the world's third-largest...

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