Japan’s Finance Minister Taro Aso has warned that economic recovery is at least a “few years” away and it may take longer than the targeted two years to reverse the country’s deflation.
“Let’s say a few years,” he told the Wall Street Journal. “Two to three years. That’s what we are hoping for.”
The Bank of Japan’s goal is to reach two percent inflation within two years.
Aso said that might be overly ambitious.
“We think it may take longer than the BOJ expects. That sounds too quick,” he told the newspaper.
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