Bank of Japan Governor Haruhiko Kuroda on Friday suggested that the BOJ may delay the timing for hitting its 2 percent price target to sometime in or after fiscal 2018.
If postponed, the goal may not be achieved during his term that will end in April 2018.
“I personally think it is possible” that the central bank will review the timing of achieving the 2 percent goal at the next Policy Board meeting. The BOJ currently aims to attain the inflation target by sometime during fiscal 2017.
The governor sees little need for the central bank to decide to implement additional monetary easing measures at its next two-day policy meeting through Nov. 1.
via Mainichi