BOJ to mull setting 2pc inflation target by Jan: sources

The Bank of Japan will consider no later than January whether to adopt a 2 per cent inflation target, several sources familiar with its thinking have said, in response to calls from next Prime Minister Shinzo Abe for stronger efforts to beat deflation. The central bank will likely ease monetary policy this week due to looming risks to Japan’s economic outlook, the sources have told Reuters, and may also start debating how to meet Abe’s calls to set a higher price target in cooperation with the government.

via Business feed http://www.scmp.com/business/money/market-snapshot/article/1107299/boj-mull-setting-2pc-inflation-target-jan-sources