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Even the Bank of Japan’s recently extended time frame for achieving its inflation target may be too optimistic, according to some members of the BOJ Policy Board.

A few members said at the central bank’s April 30 meeting that inflation would not reach 2 percent until after the fiscal year through March 2018, according to minutes released on Wednesday. Sayuri Shirai proposed that the BOJ say it would meet the goal “in or around” next fiscal year, which starts in April 2016.

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