Bank of Japan set to launch war on deflation

Japan's new Prime Minister Shinzo Abe has made the central bank's 2% inflation target a top priority.  He wants to drive down the value of the currency in order to get consumers to spend more and save less.  Some skeptics, and even Abe, acknowledge that this will be a difficult target to reach before the deadline.  Economists are especially worried about the sustained downward pressure on wages in Japan.  The central bank has already increased its bond-buying program and there are fears of political backlash over stoking a currency war.  Japan already has the highest debt-to-GDP ratio in the world and in January they announced a $117 billion government spending program.
http://money.cnn.com/2013/04/03/news/economy/bank-of-japan/index.html?iid=HP_River