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BOJ may project inflation missing its target for 3 more years: sources

Reuters  |  TOKYO 

By Leika Kihara and Sumio ItoTOKYO (Reuters) - The Bank of Japan this month might concede that inflation could fall short of its 2 percent target for as long as three more years, sources say, in what would be the strongest sign yet of acceptance that its goal cannot be reached quickly.The view may emerge from the BOJ's July 30-31 policy meeting, which includes a quarterly review of its long-term projections.Instead of ramping up stimulus to fire up inflation, the BOJ likely will point to structural factors that could weigh on inflation for years, say the sources familiar with its ...

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First Published: Fri, July 13 2018. 14:11 IST
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