Category: Economic Indicators
Japan is unlikely to hit sustained 2% inflation by fiscal year 2017 as slowing growth in emerging economies and a planned sales tax hike weigh, Bank of Japan board members said in minutes released on Wednesday.The BoJ held policy steady in October and November, keeping an annual asset purchase target at ¥80 trillion.The October minutes highlighted policy options that may be taken to spur the economy further a factor that may be further in play as at least one board member said a weaker yen has had a smaller impact than expected.
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