Etsuro Honda, adviser to Prime Minister Shinzo Abe, in an interview with Japanese newspaper Mainichi:

  • Says CPI growth will accelerate after summer
  • Will reach approximately 2% by March 2016
  • Says its not a problem even if it takes 3 yrs for CPI to reach 2%
  • It doesn't matter if achievement of primary balance surplus is delayed for a few years as long as deficit continues to narrow every year

Bloomberg reporting on Honda's Mainichi Shinbun interview