Kikuo Iwata, professor of economics at Gakushuin University and nominee for deputy governor of the Bank of Japan (BOJ), speaks during a confirmation hearing at the lower house of Parliament in Tokyo, Japan, on Tuesday, March 5, 2013. The Bank of Japan should buy longer-term bonds to help it achieve a 2 percent inflation target, said Iwata. Photographer: Haruyoshi Yamaguchi/Bloomberg via Getty Images