Kuroda confident of hitting inflation target

Takahide Kiuchi concerned that 2% inflation is inconsistent with growth potential


Governor Haruhiko Kuroda believes the Bank of Japan's (BoJ) quantitative and qualitative easing (QQE) programme "has been steadily exerting its intended effects" since it was introduced one year ago – but another policy board member is concerned that 2% inflation is out of the central bank's reach.

The BoJ introduced QQE in April 2013 as it sought to increase annual inflation to 2% at "the earliest possible time, with a time horizon of about two years". As the midpoint of this horizon approaches

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