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

Reuters  |  TOKYO 

TOKYO (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, which would be the strongest sign yet of acceptance that its goal cannot be reach quickly.The view may emerge from the BOJ's rate review on July 30-31, they say. At the policy meeting, the central bank will conduct a quarterly review of its long-term projections.Instead of ramping up stimulus to fire up inflation, the BOJ will also point to structural factors that may weigh on inflation for years, say the people familiar with its ...

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First Published: Fri, July 13 2018. 12:22 IST