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Bank of Maharashtra18 min ago
Bank of Japan pushes back inflation timeline by one year
Written By AFP
Published: 9:42 AM, Nov 1, 2016 | Updated: 9:42 AM, Nov 1, 2016
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The Bank of Japan (BoJ) said it now expected prices to move "toward" 2.0% by March 2019. Image Source: 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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