Japanese Economics Minister Akira Amari: the Bank of Japan should exclude oil prices when judging whether it has reached its 2% inflation target

Market news

11 December 2015

Japanese Economics Minister Akira Amari: the Bank of Japan should exclude oil prices when judging whether it has reached its 2% inflation target

Japanese Economics Minister Akira Amari said on Friday that the Bank of Japan (BoJ) should exclude oil prices when judging whether it has reached its 2% inflation target.

"If oil prices continue to decline this should be considered an unexpected event. The correct thing to do is to subtract the decline in oil prices when judging whether the BOJ has achieved its inflation target," he said.

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