Bank of Japan Governor Masaaki Shirakawa said on Thursday that the central bank’s current framework for price stability was the most appropriate.
He added that trying to guide short-term price moves towards an inflation target may have a negative effect in achieving the central bank’s ultimate goal of sustained economic growth.
Shirakawa was speaking at a news conference after the BOJ kept interest rates unchanged at 0.1 percent and held off on new policy initiatives on Thursday as widely expected.
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