Japan PM says Bank of Japan must set 2 percent medium-term inflation goal
TOKYO (Reuters) – Prime Minister Shinzo Abe said the Bank of Japan (BOJ) must set a 2 percent inflation target and make it a medium-term, not long-term, goal to show markets it was determined to pursue bold monetary easing to end nearly two decades of deflation. The government is negotiating with the BOJ to issue a joint statement this month to make the central bank accountable for achieving 2 percent inflation, double its current price goal. "The BOJ basically says it sees 1 percent inflation as a loose goal. . . .
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