TOKYO (Reuters) – Japanese Finance Minister Taro Aso said on Tuesday the central bank could give itself more flexibility in how it defines its 2 percent inflation target.
“I don’t think anyone in the general public is angry about the fact that inflation hasn’t reached 2 percent,” Aso told parliament, when asked his view on whether the Bank of Japan should persist in meeting the elusive price goal.
Other major central banks, such as the European Central Bank, see their inflation targets as something more flexible with room for some allowance, Aso said. “I believe (the BOJ) could be a bit more flexible too,” he added.
(Reporting by Leika Kihara and Stanley White; Editing by Chang-Ran Kim)