BOJ should subtract oil decline in judging inflation target – Japan’s Amari

FXStreet (Mumbai) - Japanese Economics Minister Akira Amari was on the wires via Reuters over last hours, noting that the Bank of Japan’s (BOJ) should discount the effects of lower oil prices while assessing its inflation outlook, which in turn would lessen the need for an immediate expansion of monetary stimulus.

Key Quotes:

"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."