MNI says majority of BOJ board wants to change wording of inflation to around 2% in two years

A teaser from MNI:

• A majority of the BOJ board wants to change the wording of its promise to drive inflation to around 2% in about two years from April 2013 to avoid stretching the definition of “about two years” any further
• Governor Haruhiko Kuroda is likely to be worried about the negative psychological impact of changing the declared timeframe on the public’s inflation expectations

I’ll try to get more on this (I posted on it a few days ago, here: Bank of Japan to stretch inflation truth at next meeting?)

–

Earlier today:

• NIkkei – BOJ may cut inflation forecast to lower 1% range for fiscal 2015