If oil prices remain low, BOJ likely to push back inflation timeline - Nikkei

But does it mean more QE?

Nikkei reports, without citing sources, that if crude oil prices remain depressed the Bank of Japan will likely push back the estimated time of arrival of its 2% inflation target.

A headline that says 'BOJ will push back estimated time of arrival of inflation target' is the kind of thing that makes an algo hit the yen selling button but if oil is the driver, it's easy for the BOJ to say that without changing policy.

There has been no reaction in USD/JPY, which is ticking down the hours near 120.00, where it feels like it has spent the entire year.