There are a few reports about that the Bank of Japan plans to drop its 2 year timeframe for achieving its 2% inflation target.
By my reckoning they've had the 2 year target for about 3 years or so. Is that about right?
So, maybe they are just recognising reality - they really are not very close as Friday's CPI data showed.
Anyway, various reports that the bank will drop the 2 year time frame when they do an assessment at their September meeting. I haven't found anything concrete, but I suspect I will before the market opens on Monday.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
