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24.08.2015 14:33:34
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Japan PM Says BoJ Missing Inflation Target Is Understandable
(RTTNews) - Bank of Japan would not be held responsible for not achieving 2 percent inflation, Prime Minister Shinzo Abe said in parliament on Monday.
"I understand the Bank of Japan's explanation that it has become difficult to achieve the 2% price target," Abe said.
The bank aims to achieve its 2 percent inflation target by September next year. However, renewed fall in oil prices weigh on inflation.
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