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Yoon's approval rating plunges to all-time low
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[From the Scene] Monks, Buddhists hail return of remains of Buddhas
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Medical schools granted enrollment quota flexibility for next year
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Yoon offers first one-on-one meeting with opposition leader next week
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France rejects opening Paris flight routes to T'way Air, deals blow to Korean Air merger
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Chinese man behind drug scam targeting teens nabbed in Cambodia
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[Graphic News] French bulldog most popular breed in US, Maltese most popular in Korea
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Iran fires air defense batteries in provinces as sound of explosions heard near Isfahan
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Japanese Economics Minister Akira Amari said on Tuesday that the Bank of Japan could have some leeway in meeting its 2 percent inflation target, given declines in oil prices.
Amari, speaking to reporters after a cabinet meeting, also said neither the government nor the central bank has been committed to a rigid timeframe in achieving the price goal.
Cheap oil compounds the challenge for the BOJ’s aim of hitting its 2 percent inflation goal around the coming fiscal year that starts in April, which analysts see as impossible to achieve.
Last week, the central bank sharply cut its inflation forecast, and Gov. Haruhiko Kuroda conceded it may take longer than expected to hit the price target. (Reuters)
Amari, speaking to reporters after a cabinet meeting, also said neither the government nor the central bank has been committed to a rigid timeframe in achieving the price goal.
Cheap oil compounds the challenge for the BOJ’s aim of hitting its 2 percent inflation goal around the coming fiscal year that starts in April, which analysts see as impossible to achieve.
Last week, the central bank sharply cut its inflation forecast, and Gov. Haruhiko Kuroda conceded it may take longer than expected to hit the price target. (Reuters)
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Articles by Korea Herald
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