The Bank of Japan expects its 2% inflation target "to be reached sometime in late fiscal year 2014 or early fiscal year 2015," Governor Haruhiko Kuroda said today. However, he acknowledged that the goal remained "very ambitious" given Japan's 15 years of deflation. Unlike the ECB, Kuroda downplayed the possibility of using negative interest rates to boost growth, saying they could only be deployed for a short time.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment