BoJ's Shirai: Japan may need more than 2 years to achieve inflation target

FXStreet (Bali) - BoJ's Shirai just crossed the wires saying that he feel Japan will need more than 2 years to achieve 2 pct inflation under current flexible inflation targeting.

Plenty of additional headlines, courtesy of Reuters, followed:

- Boj's shirai says positive cycle of output, income, expenditure likely to continue in japan

- Boj's shirai says downside risks subsiding somewhat but still need to be mindful of them

- Boj's shirai says japan prices likely to gradually rise around 4q 2014

- Boj's shirai says will take some time for medium-, long-term inflation expectations of households to rise as a trend

- Boj's shirai says downside risks on japan price outlook subsiding somewhat, but still need monitoring
29-may-2014 03:35 - boj's shirai says must scrutinise economy, price moves after second sales tax hike to see whether 2 pct inflation will be sustained stably

- Boj's shirai: my economy, price forecasts are made on assumption qqe will be maintained beyond 2015

- Boj's shirai: medium-, long-term inflation expectations are rising as a whole but some indicators show they are flattening out

- Boj's shirai: japan consumers will need time to get accustomed to an economy with sustained rises in prices