BOJ Kuroda Suggests Timing for 2% Inflation Target to 2018

Bank of Japan Governor Haruhiko Kuroda on Friday suggested that the BOJ may delay the timing for hitting its 2 percent price target to sometime in or after fiscal 2018.

If postponed, the goal may not be achieved during his term that will end in April 2018.

“I personally think it is possible” that the central bank will review the timing of achieving the 2 percent goal at the next Policy Board meeting. The BOJ currently aims to attain the inflation target by sometime during fiscal 2017.

The governor sees little need for the central bank to decide to implement additional monetary easing measures at its next two-day policy meeting through Nov. 1.

via Mainichi

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza