TOSHIHIKO FUKUI, the wily governor of the Bank of Japan (BoJ), would dearly like to raise interest rates.

身为日本央行(BoJ)新行长，老谋深算的福井俊彦其实很希望能够上调利率。

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Faced with sinking asset prices, insolvent Banks, moribund growth and deflation, the bank of Japan (BoJ) eventually lowered its policy rate to zero in 1999.

面对跳水的资产价格，倒闭的银行，萎靡的增长与通货紧缩，日本银行(BoJ)最终在1999年将其引导利率降到了零水平。

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Unsurprisingly, his views have won a sympathetic hearing at the Bank of Japan (BoJ), which has often been accused of failing to do enough to reverse falling prices.

毋庸置疑的是，他的观点已获得到了日本央行的认同，日本银行曾经常被指责在扭转价格下跌方面做得不够。

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Meanwhile, Japan's central bank, the Bank of Japan (BOJ) left its interest rates unchanged at between zero to 0.1%.

BBC: Japanese economy contracts for third straight quarter

For its part, the Bank of Japan (BOJ) has set previously a target of a 1% rate of inflation, but it has said it may only be able to achieve that in the 2014-15 financial year.

BBC: Shinzo Abe's challenges in reviving Japan's economy

Interestingly, the yen has strengthened at a time of increased speculation that the Bank of Japan (BOJ) will finally purchase government bonds directly from the Ministry of Finance, effectively monetizing mounting domestic debt, a move caused by numerous unsuccessful stimulus measures and falling tax revenue.

CNN: Emerging Asia can cope with the coming slide