BOJ's Kuroda: Changing the 2% price target is unnecessary and inappropriate

Further comments by BOJ governor Haruhiko Kuroda

• BOJ must aim to achieve 2% inflation on average for prolonged period
• But doesn't necessary need to achieve 2% inflation all the time
• Early exit guideline by Fed ended up being unproductive
• It is an example that laying out exit strategy too early is not desirable

If that's the case, don't expect the BOJ to achieve said price target any time soon or even for the next two to three years for that matter. It's going to take a massive change in the global landscape for Japan to head towards 2% inflation again and it's looking more and more likely that Kuroda's second tenure won't bring about any major changes to the central bank's easing policies.