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Bank of Japan should be responsible for 2 percent inflation goal - Japan's Abe
January 4, 2013 / 6:39 AM / 5 years ago

Bank of Japan should be responsible for 2 percent inflation goal - Japan's Abe

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe said it is important for the Bank of Japan to take responsibility for achieving a 2 percent inflation goal, which he wants the central bank to adopt, Jiji news agency reported on Friday.

Japan's new Prime Minister Shinzo Abe attends a news conference at his official residence in Tokyo December 26, 2012. REUTERS/Toru Hanai

He also said the government aims to compile by the end of this month a draft budget for the fiscal year that starts in April, Jiji reported.

Abe has called on the BOJ to set a 2 percent inflation target, double the bank’s current goal, and to ease monetary policy more aggressively to beat deflation.

Reporting by Kaori Kaneko; Editing by Edmund Klamann

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