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 .
Former PM Shinzo Abe is campaigning on joint monetary and fiscal stimulus to end persistent deflation . Abe has threatened legislative action if the Central Bank of Japan does n't commit to a 2 % inflation target . Given political constraints , Abe is unlikely to secure the working majorities needed to pass such legislation , Scicluna writes .