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BOJ bows to reality on 'over-ambitious' inflation target

Sticking to firm inflation goal essential to boost investment, consumption, says BOJ governor

MR KURODA: There are no plans to change the BOJ's commitment to achieve 2 per cent inflation at the earliest date possible with a timeframe of around two years.


BANK of Japan governor Haruhiko Kuroda on Thursday acknowleged what financial markets have long predicted - that the central bank's target of achieving 2 per cent annual inflation within a roughly two-year timeframe from when the BOJ first launched aggressive monetary easing in...

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