Japan BOJ Gov Kuroda: Stimulus launched last year achieved its goal of boosting the real economy and ending deflation; 2% inflation target may take more than 2 years to reach - financial press
- Says: "One year has passed ...the policy has been having the intended effects leading to an improvement in financial markets, the real economy, prices... When the BOJ introduced QQE we declared we would intend to achieve a 2% inflation target basically within two years time... The policy of QQE will be maintained and will be continued until we achieve the 2% inflation target and also maintain a 2% inflation in a sustainable manner so it may take more than two years if necessary and anyway we are only half way... Even if the government objective of eliminating the primary deficit by 2020, even if that is achieved, debt will continue to rise and that could be a serious problem for the government as well as the economy."