Gov, Boj Near Agreement On 2 Percent Inflation Target

Gov, BOJ near agreement on 2 percent inflation targetThe government of Prime Minister Shinzo Abe and the Bank of Japan are close to agreeing on setting a 2 percent inflation target in their policy coordination agreement aimed at beating chronic deflation, economic and fiscal policy minister Akira Amari said Sunday.


Their written agreement, expected to be released after the central bank's policy meeting on Monday and Tuesday, will likely be called a joint declaration or joint statement, Amari said on a television program on public broadcaster NHK.

"The government and the BOJ will be able to share things that they have not been able to until now," Amari said.