Japan’s Suga expects the BOJ to continue with efforts to hit inflation target

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.