BOJ Dragged into Prolonged Struggle with Deflation in 2015: Transcripts
Tokyo, July 16 (Jiji Press)--Bank of Japan policymakers were dragged into a prolonged struggle with deflation in the first half of 2015, two years after the central bank's introduction of its massive monetary easing policy, transcripts from their meetings showed Wednesday.
The BOJ introduced its quantitative and qualitative monetary easing policy in April 2013, aiming to achieve 2 pct inflation in about two years.
The policy pushed up inflation, measured by the year-on-year rise in the core consumer price index, which excludes volatile fresh food prices, to around 1.5 pct briefly. But the measure was nearly flat in 2015 following a consumption tax increase in April 2014 and lower crude oil prices.
(2025/07/16-09:23)
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