Reuters: Japan government to urge BOJ to meet inflation goal sustainably

Japan’s government is seen calling on the Bank of Japan (BOJ) to strive for achieving its 2% inflation target in a “sustainable and stable fashion,” Reuters reports on Wednesday, having seen a draft of its long-term policy outline.

“The government will continue to conduct macro-economic policy flexibly … with a framework combining bold monetary policy, flexible fiscal policy and a growth strategy aimed at fueling private investment.”

“We hope the BOJ achieves its 2% inflation target in a sustainable and stable fashion, with an eye on economic, price and financial developments.”