TOKYO -- In Aldous Huxley's dystopian classic, whenever people feel blue they take a government-supplied hallucinogenic called "soma." The Bank of Japan and its governor, Haruhiko Kuroda, struggling to lift people out of their deflationary funk, may be wondering where they can get their hands on some.
The bank may have no such wonder-drug, but in its fight to raise inflation to its target of 2%, it has entered a brave new world of monetary policy: namely, "yield-curve control."
