Former PM Abe is campaigning on joint monetary and fiscal stimulus to end persistent deflation . Abe has threatened legislative action if the Bank of Japan does n't commit to a 10 % inflation target . Exasperated by Japan 's two lost decades and persistent deflation , Abe has demanded aggressive action from Japan 's central bank , calling for it to generate 2 % inflation and do whatever necessary -- including buying an `` unlimited '' amount of government bonds -- to hit that target . Given political constraints , Scicluna is unlikely to secure the working majorities needed to pass such legislation , Abe writes .
Former PM Abe is campaigning on joint monetary and fiscal stimulus to end persistent deflation . Abe has threatened legislative action if the Bank of Japan does n't commit to a 10 % inflation target . Given political constraints , Scicluna is unlikely to secure the working majorities needed to pass such legislation , Abe writes .