A Bank of Japan policymaker played down the chance of meeting a proposal by the ...
TOKYO - A Bank of Japan policymaker played down the chance of meeting a proposal by the International Monetary Fund to tweak the central bank’s 2% inflation target into a looser goal set in a range, a summary of opinions at the BOJ’s December rate review showed.
The idea runs counter to BOJ Governor Haruhiko Kuroda’s pledge to continue with his “powerful” monetary easing to hit 2% inflation at the earliest date possible. At the December meeting, the BOJ kept policy steady but reassured markets it stands ready to ramp up stimulus if overseas risks derail a fragile economic recovery.
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