Abe Says BOJ May Miss Price Target If Global Economy Changes
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Japanese Prime Minister Shinzo Abe said that the central bank shouldn’t pursue a 2 percent inflation target “at all costs” and may fail to achieve it should global conditions change.
“The economy is a living thing and we don’t know what will happen around the world,” Abe said today, answering a question from opposition lawmaker Seiji Maehara in parliament. “What is important is to aim steadily for the target.”