Bank of Japan pushes back inflation timeline by one year

Written By: AFP Tokyo AFP Updated on: November 01, 2016, 09.42 AM IST

Bank of Japan pushes back inflation timeline by one year

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.

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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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