Inflation Warning: Bank of Japan May Miss 2% Target by 2025, Warns BOJ Board Member Nakamura
Tokyo, Japan – Bank of Japan board member Nakamura raised concerns about the country’s ability to meet its inflation target during a recent speech in Sapporo. Nakamura’s remarks cast doubt on the likelihood of inflation reaching the desired 2% by 2025 due to subdued household spending and limited price increases by companies. The central bank had previously forecasted core consumer inflation to hit 1.9% in fiscal years 2025 and 2026. In another economic development, Australia …