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BOJ should dial back stimulus before inflation hits 2 percent - ex-BOJ dep gov Iwata

Reuters  |  TOKYO 

By Leika KiharaTOKYO (Reuters) - The Bank of Japan should dial back its massive stimulus before inflation hits its 2 percent target, a leading candidate to become the next governor said, raising questions about the efficacy of the BOJ's radical approach to snuff out deflation in the world's third-largest economy.Former BOJ Deputy Governor Kazumasa Iwata criticised the central bank's price forecasts as too optimistic and warned that even hitting 1 percent inflation could be challenging given a recent batch of weak price data.The comments underscored growing concern over the strains the BOJ's ...

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First Published: Tue, August 08 2017. 09:29 IST