You are here

BOJ cuts inflation forecast, delays price goal yet again

Friday, July 21, 2017 - 05:50

BT_20170721_ARBOJ21_2994040.jpg
"European and US central banks have also repeatedly delayed the projected timing for hitting their price targets." - BOJ governor Haruhiko Kuroda. Some economists see the move as allowing the yen to remain weak and thus aid Japan's exports and economic growth.

Tokyo

THE Bank of Japan (BOJ) has again pushed back its target for achieving its 2 per cent annual inflation target to sometime in fiscal 2019 or four years behind the original target as it battles to alter a deflationary mindset in a society that is rapidly ageing and where the

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom