AFP, Tokyo :
Japan’s central bank chief warned on Thursday it is “likely” that an inflation target already running four years late would be delayed once again.
Bank of Japan (BoJ) governor Haruhiko Kuroda added that policymakers would not slow down their monetary easing programme until their two-percent goal had been achieved.
“It’s likely that the timing of exceeding two percent inflation in a stable manner will be later than” March 2019, Bank of Japan governor Haruhiko Kuroda told reporters Thursday.
The figure is seen as crucial to ending years of deflation and putting Japan’s torpid economy on a stable path.
Kuroda’s comments come as the US central bank raises interest rates while speculation swirls that the European Central Bank is considering backing off its own stimulus by turning off the taps on massive bond-buying or raising borrowing costs from historic lows.
The BoJ-which trimmed its annual inflation forecast Thursday after a two-day meeting-had already been forced to push back its price target several times, having set an original date of March 2015.
Japan’s central bank chief warned on Thursday it is “likely” that an inflation target already running four years late would be delayed once again.
Bank of Japan (BoJ) governor Haruhiko Kuroda added that policymakers would not slow down their monetary easing programme until their two-percent goal had been achieved.
“It’s likely that the timing of exceeding two percent inflation in a stable manner will be later than” March 2019, Bank of Japan governor Haruhiko Kuroda told reporters Thursday.
The figure is seen as crucial to ending years of deflation and putting Japan’s torpid economy on a stable path.
Kuroda’s comments come as the US central bank raises interest rates while speculation swirls that the European Central Bank is considering backing off its own stimulus by turning off the taps on massive bond-buying or raising borrowing costs from historic lows.
The BoJ-which trimmed its annual inflation forecast Thursday after a two-day meeting-had already been forced to push back its price target several times, having set an original date of March 2015.
