Video

Expert: Inflation target still elusive

The Bank of Japan marks a landmark shift away from its massive monetary stimulus. The central bank has decided to end its negative interest rate policy and raise borrowing rates for the first time in 17 years. It will also abandon its yield-curve control framework, which holds down long- and short-term interest rates. We asked Shirai Sayuri, a former BOJ board member about ,what drove the bank's decision.