Summers speaking in Tokyo today
- Commitment to overshot 2 pct inflation is step in right direction
- BOJ's overshoot commitment should help inflation expectations, encourage govt borrowing
- BOJ's commitment to yield curve target is constructive
Call me a curmudgeon, but before we got the BOJ's commitment to an inflation overshoot we got a BOJ commitment to hitting 2% and we ain't even there yet! TGIF.
