Haruhiko Kuroda: How to overcome deflation Speech by Mr Haruhiko Kuroda, Governor of the Bank of Japan, at a conference, held by the London School of Economics and Political Science, London, 21 March 2014.
The 3% mark that is frequently used as a yardstick is therefore a ceiling and is not intended as a regular target. This is, incidentally, also true of the 60% debt ratio that almost all euro countries breach. The Commission should therefore apply a narrow interpretation to the rules, and the German government should lend it its decisive support.