Prime Minister Fumio Kishida is planning on revising a decade-old accord with the BOJ and will consider adding flexibility to the agreement’s 2 per cent price goal, local media reported Saturday.
The reports come after a key aide to Kishida told Bloomberg earlier this month that there is a possibility of reaching a new accord with the central bank.Board Member Naoki Tamura called for a policy review at the appropriate time in a recent interview, while knowing that past assessments have resulted in policy adjustments.
BOJ officials see its possibility next year after examining wage growth momentum and the extent of a global slowdown, people familiar with the matter said earlier this month.is still expected to accelerate to twice the pace of the BOJ’s 2 per cent target in the coming months, according to analysts including from UBS and SMBC Nikko Securities.
The policy statement typically comes around noon, followed by a press briefing by Kuroda at 3:30 p.m.
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