Shirakawa Vows Aggressive Easing as Price Goal Still Out of View
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Bank of Japan Governor Masaaki Shirakawa said a 1 percent inflation goal introduced in February is still distant, underscoring the central bank’s struggle to reverse a decade of deflation.
“The bank is committed to continuing with aggressive monetary easing,” as the price goal is not yet in sight, Shirakawa said today in a speech in Tokyo. The BOJ will continue with its policy until 1 percent inflation is in view, he said.