BoJ's Iwata says price goal will anchor inflation

Bank of Japan deputy governor Kazumasa Iwata said on Friday 17 March that the central bank's decision to set a medium-term inflation goal of 0-2 pct will help anchor inflation expectations and lower risk premia on Japanese securities.

Iwata told an ECB monetary policy conference that by defining its price stability goal, the BoJ hopes to better manage inflation expectations.

"By announcing this, we hope we can anchor longer-term price stability, and by anchoring the expectations for longer-ter