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BOJ still behind 2% inflation target as wages lag

Despite the end of deflation, and record govt stimulus and bank lending, price gains have yet to reach target

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At issue is how to encourage companies and households to step up spending and be willing to borrow to fund investment - bringing an end to what Prime Minister Shinzo Abe calls a "shrunken mindset".

Tokyo

FOUR years after the Bank of Japan set a 2 per cent inflation target, price gains may still be coming up short, according to a survey of economists by Bloomberg News.

Consumer prices will rise an average 1.4 per cent the fiscal year through March 2017, after failing to reach

sentifi.com

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