Via Bloomberg – “BOJ majority said to favour ditching 2-year inflation timeframe”:

  • BOJ board members concerned that investors view April 2015 as binding, inviting speculation for more easing to meet the goal, people familiar with discussions inside BOJ tell Bloomberg News
  • Any revision will probably come before April and could be as early as this quarter, said some of the people

(The people with knowledge of the talks asked not to be identified because discussions were private)

More from the same source:

  • BOJ sees chance for falling oil prices putting downward pressure on consumer prices in coming months
  • Oil prices alone won’t change BOJ’s view on inflation in midterm
  • Not appropriate to accelerate weakening of the yen with more easing to meet the 2-year time frame given prices are expected to rise in midterm

Related: