BOJ 'no longer setting deadline for inflation target'
Sapporo
BANK of Japan board member Yukitoshi Funo said the central bank no longer has a binding timeframe for meeting its ambitious inflation target, conceding the bank has essentially abandoned an earlier pledge to meet the goal in roughly two years.
With inflation still flatlining despite years of massive stimulus measures, the BOJ has already postponed the target timeframe six times since setting it in 2013, most recently at a board meeting last month, pushing it back to 2019/20.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons