Bank of Japan pushes back inflation timeline by one year

Bank of Japan pushes back inflation timeline by one year
The Bank of Japan (BoJ) said it now expected prices to move "toward" 2.0% by March 2019. Image Source: AFP
Written By: AFP
Updated: Tue, Nov 01, 2016
09:42 am
Tokyo , AFP

Japan`s central bank on Tuesday pushed back its timeline for reaching a high-profile inflation target, in the latest acknowledgement that Tokyo's war on deflation is falling way below expectations.

The Bank of Japan (BoJ) said it now expected prices to move "toward" 2.0% by March 2019 -- marking the latest in a series of delays for a price goal originally targeted for around April 2015.

 

 

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