Kuroda did put some flesh on those bones, however. He said that weak consumer prices last year led to inflation forecasts for 2017 and 2018 being unchanged today. He also reminded his audience that the BoJ sees prices hitting the 2% target around fiscal 2018. But he pointed out that we are still only halfway toward that level now. He also said that his fellow policy board members Takehiro Sato and Takehide Kiuchi didn’t think that long-sluggish prices would rouse themselves sufficiently to hit the target over this timeframe.
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