Some Bank of Japan policymakers pointed to the difficulty of achieving 2 percent inflation at their Jan. 21-22 meeting when the central bank decided to introduce the target, according to the minutes released Tuesday.
Other Policy Board members, however, said it was “meaningful” to revise the numerical expression of the BOJ’s price policy at that time, arguing that if the bank and the government clarified their efforts to work in concert toward that goal, it would likely help arouse inflation expectations among firms and households.
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