BoJ accord may be revised with more flexible inflation target

Planned revision could lead the BoJ to tweak its ultra-loose policy, reports say

Haruhiko Kuroda
Haruhiko Kuroda
Photo: Flickr/IMF

The Japanese government is reportedly planning to revise its agreement with the Bank of Japan that states the central bank will aim to achieve its 2% inflation target “at the earliest possible time”.

The government will consider making the target more flexible, Kyodo News cited government sources as saying on December 17.

The BoJ signed the joint statement with the government in January 2013. At the time, the central bank was under strong pressure by then-prime minister Shinzo Abe to tackle

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