Odds appear to be against BOJ Kuroda achieving 2% inflation target - Nikkei
|The Nikkei reports overnight headlines from an article that suggests that odds appear to be against Bank of Japan (BOJ) Governor Haruhiko Kuroda delivering on his 2% inflation target, with just a year remaining before his term expires.
Kuroda's term finishes in April 2018
Key Points:
The consumer price index, which excludes fresh food and the effect of the consumption tax hike, inched up 0.1% in January ... the first positive reading in 13 months and came despite retailers cutting prices
The slight CPI rise is attributable to the recent oil rally
A weaker yen also helped
However, both of these above mentioned effects are fading recently
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