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BoJ’s Masai: It will take time to achieve the 2% inflation target

More comments flowing in from the Bank of Japan (BoJ) board member Takako Masai, with the key headlines found below.

Need to focus more on the cumulative effect of monetary easing.

Also, need to focus on its side effects.

It will take time to achieve the 2% inflation target.

No need to be overly pessimistic on price momentum.

Timeframe to achieve 2% inflation target was removed because it was no good for communication to the market.

Upward price momentum is still intact.

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