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Japan’s Deputy Prime Minister and Finance Minister Taro Aso is out on the wires stating that he never said the Bank of Japan (BOJ) should scrap its 2 percent inflation target.  

Aso, however, had said earlier this month that the Bank of Japan should not stick to its goal of raising the annual inflation rate to 2 percent. The Finance Minister had also asked the government to abandon the 2 percent inflation target and provide clarification on why it failed to achieve the goal and provide a clear explanation to the public.