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Bank of Japan 2% Inflation Goal Is Unrealistic, Gross Says

Pacific Investment Management Co.’s Bill Gross said the Bank of Japan’s goal to reach a 2 percent inflation target in two years using its record bond-buying program may be “unrealistic.”

“Much more depreciation of the yen has to take place to get anywhere to 2 percent,” Newport Beach, California-based Gross said in a Bloomberg Television interview with Sara Eisen and Adam Johnson. “I’m not sure other Group of Seven countries are willing to permit that.”