• Kyodo

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Many Bank of Japan policymakers believe it could take longer than intended for the central bank to achieve its 2 percent inflation target, given the uncertain prospects for crude oil prices, the BOJ’s minutes from a policy meeting showed Friday.

“The precise timing for reaching 2 percent could be either somewhat earlier or later” as the outlook for crude oil prices is “highly uncertain,” the minutes of the Feb. 17-18 meeting said.

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