Bank of Japan would adjust its policies if oil prices hinders inflation
10:42 a.m.
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AFP .- Governor of the Bank of Japan (BoJ) said Friday be willing to “adjust policy” if the fall in oil prices makes it difficult to achieve its inflation target 2% on time.
“We expect to adjust our policy if oil prices affecting the price trend”, which currently is considered positive, even though inflation is close to zero, he said Haruhiko Kuroda at a press conference.
“But is not the case right now,” he thought, justifying the status quo maintained Friday.
The policy committee He recondujo monetary device with seeking to increase the monetary base 80 trillion yen per year (almost 600,000 million euros) through an asset purchase program.
The BoJ expects to achieve its target of 2% inflation in 2016, to end long years of lasting deflation in Japan way. But their offensive, launched in April 2013, takes to give results with a hit by the drop in energy prices economy.
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