TOKYO—Japanese policymakers on Tuesday reaffirmed the Bank of Japan’s (BOJ) commitment to its 2 percent inflation target in a meeting held between the central bank chief and the country’s economy and finance ministers. The Japanese government and the central bank also agreed to keep in close contact and cooperation, in line with commitments made in a 2013 joint statement, which also laid out the country’s inflation target for the first time. Prior to the meeting, there had been some market speculation that the government and the BOJ may review the joint statement and the 2 percent inflation goal, given stubbornly weak prices have made the target elusive. “The most important issue was to reaffirm the joint statement,” Economy Minister Daishiro Yamagiwa told reporters after the meeting. “The government and the BOJ must keep close contact with each other. The BOJ aims to achieve the 2 percent price stability target while …
Japanese Policymakers Reaffirm BOJ’s Commitment to 2 Percent Inflation Target
November 2, 2021
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