TOKYO, Nov 1, (APP/AFP) – Japan’s central bank on Tuesday again pushed back the timeline for hitting its inflation goal, the latest policy change that has raised questions about attempts to revive the deflation-plagued economy. The Bank of Japan has for the past three years embarked on a bond-buying stimulus programme to try to keep interest rates ultra-low and increase borrowing and spending. The scheme was introduced by BoJ governor Haruhiko Kuroda in conjunction with a government spending drive which Prime Minister Shinzo Abe hoped would drag the economy out of years of torpor. But in a fresh sign that authorities are still struggling, the bank said it now expects to hit two percent inflation by March 2019 — four years later than its original target and the latest in a string of delays.
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Bank of Japan delays inflation goal in blow to ‘Abenomics’
