Search ForexCrunch

Japan’s Chief Cabinet Secretary Suga said on Wednesday that the Bank of Japan (BOJ) will likely continue to mke efforts to achieve the 2 percent consumer price inflation (CPI) target.  

The central bank has been running an unprecedented stimulus program for six years now. Even so, the 2 percent inflation target remains elusive. That said, most experts believe the costs of the ultra easy monetary policy are beginning to overshadow the benefits, forcing markets to consider a possibility of early policy normalization.