Bank of Japan assures government in keeping inflation target

Source: Bloomberg
© Scanpix/Reuters
The Bank of Japan will maintain its monetary course and will do everything to reach the inflation goal of 2% in the longer term. As the government of Shinzo Abe is preparing to raise the sales tax to 10%, it can negatively influence the consumer sentiment and push inflation down. Last quarter, Japan's economy crashed 7.1% on the annual basis, mainly due to decline in consumer spending.
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