Kuroda reiterates BOJ may push back inflation goal timetable: report
- Wall St. drops on bleak GE outlook; Microsoft blunts losses
- British American Tobacco Offers to Acquire Remaining Shares of Reynolds American (RAI) for $56.50/Share
- General Electric (GE) Tops Q3 EPS by 2c; Updates FY16 EPS Outlook
- Pre-Open Stock Movers 10/21: (ALKS) (RAI) (PFPT) (MSFT) Higher; (SGY) (TWLO) (RRGB) Lower (more...)
- Oil on track for first weekly loss in five weeks on strong dollar
Bank of Japan (BOJ) Governor Haruhiko Kuroda attends a news conference at the BOJ headquarters in Tokyo, Japan, September 21, 2016. REUTERS/Toru Hanai
Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.
TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda reiterated that the central bank may push back the forecast date for which it plans to achieve its 2 percent inflation target, Bloomberg reported on Monday.
Kuroda said "it may take slightly more months to reach the 2 percent rate," in an interview with Bloomberg. The BOJ currently forecasts that the 2 percent inflation goal will be reached in the coming fiscal year, which will run through March 2018.
The BOJ governor has repeatedly said there was strong uncertainty on whether the target could be met within such a timeframe, signaling it could be pushed back again when the central bank reviews its growth and inflation forecasts in October.
(Reporting by Shinichi Saoshiro; Editing by Richard Borsuk)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Banks warn share tax hike threatens Paris' post-Brexit appeal
- Moody's says DoJ preparing complaint alleging rating violations
- Bunkers and booby-traps as Islamic State makes a stand in Libya
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!