Tuesday, April 2, 2013

Japan's Abe lowers inflation hopes.

 Japanese Prime Minister Shinzo Abe has scaled back expectations about the Bank of Japan's ability to meet its 2% inflation target within two years. "We are not calling on the BOJ to act recklessly," Abe said. "Since the economy has a life of its own and nobody can predict what will happen in the future, there may be cases" in which the bank can't achieve its goal.