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Kuroda reiterates BOJ may push back inflation goal timetable

Monday, October 10, 2016 - 16:30
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Bank of Japan Governor Haruhiko Kuroda reiterated that the central bank may push back the forecast date for which it plans to achieve its two per cent inflation target, Bloomberg reported on Monday.

[TOKYO] Bank of Japan Governor Haruhiko Kuroda reiterated that the central bank may push back the forecast date for which it plans to achieve its two per cent inflation target, Bloomberg reported on Monday.

Mr Kuroda said "it may take slightly more months to reach the two per cent rate," in an interview with Bloomberg.

The BOJ currently forecasts that the two per cent inflation goal will be reached in the coming fiscal year, which will run through March 2018.

The BOJ governor has repeatedly said there was strong uncertainty on whether the target could be met within such a timeframe, signalling it could be pushed back again when the central bank reviews its growth and inflation forecasts in October.

REUTERS