When the facts change I change my mind, what do you do sir
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BOJ's Kuroda: High chance BOJ to meet its inflation target
Bank of Japan Governor Haruhiko Kuroda said on Thursday there is a high chance that consumer prices will reach the central bank's 2 percent inflation target sometime from the end of fiscal 2014 to the beginning of fiscal 2015. Upward pressure on consumer prices will increase due to improvements in the supply-demand balance, but the positive impact from energy prices will start to fade, Kuroda said in a speech. The BOJ last week maintained its pledge of increasing base money, its key monetary policy gauge, at an annual pace of 60-70 trillion yen ($590-$690 billion). The BOJ launched the stimulus April last year, ... (full story)