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- Bank of Japan Deputy Governor Kikuo Iwata: that it is difficult to achieve 2% inflation within two years
Bank of Japan Deputy Governor Kikuo Iwata: that it is difficult to achieve 2% inflation within two years
According to the Asahi newspaper, the Bank of Japan (BoJ) Deputy Governor Kikuo Iwata said that it is difficult to achieve 2% inflation within two years due to falling oil prices and a bigger-than-expected hit on spending caused by last year's sales tax hike. But he added that he expected inflation to achieve 2% target at or around the fiscal year beginning in April due to wage rise and economic recovery in Japan.
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