View full page at forexfactory.com

 

BOJ Struggles to Convince on 2% as Abenomics Shine Fades

From bloomberg.com

Half a year after Bank of Japan Governor Haruhiko Kuroda unleashed record monetary easing, economists see the bank failing to meet its inflation target, underscoring the case for stronger steps to revive the economy. While the median estimate of BOJ board members released last week showed the bank expects consumer prices to rise 1.9 percent in the 2015 fiscal year -- in line with a 2-percent-in-two-years goal laid out in April -- just two of 34 analysts surveyed by Bloomberg News see the target met in that timeframe. With the central bank seen standing pat on the pace of asset purchases until it can assess the impact ... (full story)

Story Stats

  • Posted:
  • Category: Breaking News