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Kuroda Wants to Reach BOJ’s 2% Price Target in Two Years

Haruhiko Kuroda said he wants to reach 2 percent inflation in two years and pledged to buy more government bonds, underscoring the new Bank of Japan chief’s efforts to accelerate an end to falling prices.

“Achieving the 2 percent inflation target in two years is something that I have in my mind,” Kuroda said today in the lower house of parliament. He said the BOJ may scrap a rule limiting the scale of asset buying and consider purchasing more bonds with longer maturities.