Japan economy minister Amari:

  • Falling oil prices are a negative factor for BOJ’s price target
  • Government CPI forecasts for fiscal 2015 show it will be difficult to meet BOJ price target due to falling oil
  • Its up to the BOJ to decide its outlook on prices
  • Falling oil prices not a bad thing for Japan’s economy

Amari with more comments on the beneficial impact of lower oil prices for Japan.