Bank of Japan Expected to Assess 2% Inflation Goal Next Week
Photo: TokenPost
The Bank of Japan is expected to assess at next week's policy meeting whether underlying inflation has reached its 2% target, a judgment that could shift expectations for Japanese interest rates and the yen. A finding that the underlying price trend has reached 2% would mark a milestone for Japan’s central bank after years of monetary easing aimed at ending deflation. The assessment concerns whether inflation has met the bank’s long-standing goal; it does not mean the bank has already reached that conclusion. The bank adopted its 2% inflation target in January 2013.
Source: TokenPost
