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Bank of Japan minutes: path to sustained 2% inflation to take more time

Published 05/26/2015, 07:52 PM
Updated 05/26/2015, 07:58 PM
© Reuters.  Bank of Japan minutes say time needed to get sustained inflation

Investing.com - Inflation in Japan won't hit a sustained 2% pace this year and any pickup in prices could take considerable time, the Bank of Japan said in minutes of its April board meeting released on Wednesday.

A key going forward will be how firms move to raise prices and wages, but for now there is no need for further easing. At the April 30 meeting, the BoJ held pat on monetary policy with member Takahide Kiuchi once again dissenting and calling for the stimulus of government bond buying to be cut to ¥45 trillion annually from ¥80 trillion annually now.

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