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BOJ's Kuroda expects to hit inflation goal in fiscal 2019

Reuters  |  ZURICH 

ZURICH (Reuters) - Bank of Japan Governor Haruhiko Kuroda expects to achieve the central bank's long term inflation target of 2 percent by fiscal year 2019, he told an event in Zurich on Monday.The BOJ was making good progress tackling low inflation until oil prices slumped from 110 dollars per barrel to less than 30 dollar per barrel in 2014, dragging down prices in Japan, which imports all of its oil."The inflation situation has slightly improved, and now unless another price shock or something happens, we expect inflation rate to reach around 2 percent in fiscal 2019," he told an event at ...

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First Published: Tue, November 14 2017. 01:00 IST