BoJ’s Kiuchi warns 2% inflation unlikely ‘even in fiscal 2017’

takahide-kiuchi-boj-japan
Takahide Kiuchi

Bank of Japan (BoJ) policy board member Takahide Kiuchi today (September 3) argued annual inflation was unlikely to reach the central bank's 2% target "even in fiscal 2017".

In its latest monetary policy statement, published on August 7, the board said annual inflation – measured by the increase in the CPI, excluding fresh food items – would remain around 0% for "the time being".

Kiuchi agreed with this assessment in his speech in Aomori today, adding that it would only accelerate "very

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