BoJ's Muto says price range is not target

Bank of Japan deputy governor Toshiro Muto said on Wednesday 15 March that although the BoJ has a price stability range of between 0-2 percent rises in consumer prices, this does not mean the central bank will keep rates at zero until inflation tops that range.

"If you ask if (the range) means we will continue with zero rates until inflation rises above 2 percent, that is not the purpose of it," Muto told a parliamentary committee.

Muto also said the range was not an inflation target that would

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