BoJ’s Shirai warns against rush for 2% inflation at all costs


The Bank of Japan's (BoJ's) Sayuri Shirai believes it "may be appropriate" to take longer than two years to meet the central bank's 2% inflation target.

The BoJ adopted its inflation target in January 2013 and unveiled plans for aggressive quantitative and qualitative easing (QQE) in April in a bid to end the deflation that has plagued Japan for much of the past two decades.

Shirai, a policy board member, agrees the BoJ should "do its best" to achieve 2% inflation "at the earliest possible time"

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