BOJ's Iwata: Inflation at 1-2% would be stable

Deputy Governor of the bank of Japan Kazumasa Iwata said in an interview that the BOJ will probably keep interest rates near zero until consumer prices rise about 1 to 2 per cent.

"Our monetary policy puts eliminating deflation at the forefront, and we will continue to ease monetary policy until we reach that goal," Iwata told the Nihon Keizai newspaper in an interview.

"Core consumer prices rising about 1 to 2 per cent would be desirable levels of stability," Iwata said, according to the repor

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