Reminder: Oil price rise adds to risk Bank of Japan will miss inflation target

This in the the South China Morning Post: Oil price rise adds to risk Bank of Japan will miss inflation target

Article quotes Japan’s economy minister Akira Amari:

• “It will probably be difficult to achieve the 2 per cent inflation goal within the next fiscal year”

(Note that the ‘official’ measure of core inflation in Japan excludes food, but includes energy)

This is gaining traction and may be indicative of changes coming from the BOJ … maybe … (thoughts welcome)

• Kuroda doesn’t discuss consumer prices in speech … for the first time
• MNI says majority of BOJ board wants to change wording of inflation to around 2% in two years
• NIkkei – BOJ may cut inflation forecast to lower 1% range for fiscal 2015