Could the BOJ Change Its Inflation Target?
This article is for subscribers only.
The Bank of Japan is giving more prominence to an inflation gauge that shows it’s much closer to its target than its current key measure.
The central bank for the first time presented a chart of consumer prices excluding fresh food and energy in its monthly report for July. What it showed: inflation was at 0.7 percent in May, well above 0.1 percent by its current gauge, which strips out fresh food only.