BOJ Likely To Adopt 2% Price Target In Jan -Mizuho

The Bank of Japan will likely adopt a mid- to long-term inflation "target" of 2% at its next meeting on Jan. 21-22, says Yasunari Ueno, chief market economist at Mizuho Securities. While the BOJ now has a 1% inflation "goal" in the near term and 2% or below in the mid- to longer-term, Ueno says "the bank is likely to "highlight the 2% target," he says. Following the landslide victory by the Liberal Democratic Party led by Shinzo Abe, "it is clear the BOJ doesn't have the final word on its policy," he says; "the focus is how much it can resist this tide." Ueno says the size of the asset purchase program will likely be kept at the same level after the bank decides to expand it by Y10 trillion today.

BOJ Likely To Adopt 2% Price Target In Jan -Mizuho

Find us on Google+