The document discusses the challenges faced by the central bank in achieving a 2% inflation target. It highlights the discrepancy between expected and actual economic indicators, such as GDP demand components and corporate profits. The likelihood of achieving the 2% inflation trend is low, with a shift in probability towards a 1% trend. The central bank chief is cautious about missing the original 2-year timeframe for inflation and emphasizes the importance of the government's fiscal consolidation plan.
documents/vol00010-efta01358255-pdf.pdf
{"key_people":["Mr Kuroda"],"document_type":"correspondence","key_organizations":["Bank of Japan","Deutsche Bank"],"reference_numbers":["DB-SDNY-0045743","SDNY_GM_00191927","EFTA01358255"]}