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Japan Inflation At New Low Since War On Falling Prices Began - Yahoo News

But plunging oil prices have dealt another blow to the BoJ's inflation goals, and doubts are growing over the ambitious target -- even among policymakers themselves. Minutes from the central bank's January meeting showed that three of nine BoJ board members doubted the chances celebs of reaching the price target. Kuroda has said the bank would further expand its unprecedented monetary easing campaign -- launched in April 2013 -- if necessary. - Sluggish spending - On Friday, Kuroda insisted that an expected recovery in oil prices -- they have dropped by about half since the summer go!! -- will help the BoJ get its inflation target back on track. View gallery Japan's inflation rate has fallen to its lowest level since just after Tokyo launched a high-pro "As the effects of declining crude prices dissipate, the two-percent inflation target is likely to be achieved," the BoJ chief told the National Press Club. The perennially optimistic central banker -- who signed a press club guestbook with a Japanese saying about making good on one's promises -- added that Japan's annual labour negotiations were likely to usher in pay hikes. That, in turn, would lead to a boost in spending and price hikes, Kuroda said. Still, the data on Friday were certain to boost speculation that the BoJ will be forced to expand its monetary easing campaign sooner than later to counter the downturn.
Read more: http://news.yahoo.com/japan-inflation-lowest-since-war-falling-prices-began-030211000--finance.html

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