BoJ Hayami unsure about duration of deflation

JAPAN - Bank of Japan (BOJ) Governor Masaru Hayami said on Apr 17, 2001 he could not say how long it would take for the core nationwide consumer price index to rise to near zero percent, which the central bank has set as a condition for changing its current monetary policy stance.

Asked his view on market speculation that it would take about two years for core CPI to rise near zero percent, Hayami said: "It is hard to say how long. Whether it will take two years or less we have to see conditions

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