Japan may need 2 year to attain 2% inflation target

An advanced in the consumer price index in Japan caused by the Bank of Japan's aggressive stimulus program may not be enough for the country's central bank to attain its 2% inflation target this year, according to Naoyuki Shinohara, the International Monetary Fund Managing Director. Shinohara also said it may take at least 2 years of steady progress in order to reach a 2% inflation target.