Inflation target would have little effect-BOJ Ueda

JAPAN - A member of the Bank of Japan's Policy Board said on Wednesday an inflation-targeting policy would have little effect when the central bank has insufficient policy tools to convince markets such goals could be achieved.

The BOJ, which has already pushed short-term interest rates near zero by flooding the money market with liquidity, has promised to maintain its easy policy until prices begin to rise, Kazuo Ueda said. "If we set a target of one or two percent, it would not be much diffe

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