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.
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
China says Hamas and Fatah express will for reconciliation
US consumer confidence at lowest level since 2022
Record gold prices boost recycling: WGC
Malaysian fast food operator QSR shelves IPO plans amid boycott campaign: sources
WHO warns of bird flu risk spreading to cows outside US
Sri Lanka’s key inflation rate rises to 1.5% in April