Mr Clegg is a free-market liberal who would fit happily into the liberal traditions of Dutch politics: whereas the left of his party still looks to the state to deliver improvements, Mr Clegg is among those who suspect that a top-down state is a wasteful provider of services, let alone social change.

ECONOMIST: Bagehot

Banishing Japan's persistent state of mild deflation has been a key policy pledge of prime minister Shinzo Abe, whose conservative Liberal Democratic Party returned to power last month after three years in opposition.

CNN: Bank of Japan bows to inflation pressure