BOJ can be flexible in meeting its price goal - Japan Finance Minister Aso

Japan's Finance Minister Taro Aso attends the G20 Finance and Central Bank Deputies Meeting in Tokyo, Japan January 17, 2019. REUTERS/Issei Kato/File Photo - Copyright ISSEI KATO(Reuters)

By Reuters

Published on 12/03/2019 - 07:04•Updated 19/04/2024 - 02:12

Comments

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)

Comments