BOJ cuts inflation forecast, delays price goal yet again
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 population is shrinking.
BOJ governor Haruhiko Kuroda remained stubbornly optimistic and unapologetic after the central bank's Policy Board announced on Thursday the sixth delay in achieving the highly elusive price goal.
"European and US central banks have also repeatedly delayed the projec…
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
Australia regulator flags surge in company insolvencies to 11-year high
Elon Musk stakes fortune on cult following who made him rich
Even without war in the Gulf, pricier petrol is here to stay
Philippine Coast Guard to join military drills with United States
Australia’s March employment unexpectedly falls 6,600, jobless rate ticks up to 3.8%
China education firms learn tough lessons overseas