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Opinion

Have central banks moved to break the monetary policy vicious cycle?

More important than inflation forecasting is the policy regime itself

| U.S.
Traders work on the floor of the New York Stock Exchange on Nov. 29: in the eyes of market participants, monetary policy asymmetry has been a notable feature of the past three decades.   © Getty Images

Masaaki Shirakawa is a former governor of the Bank of Japan.

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