Japan PM Noda vows to achieve 1 percent inflation target within 1 year

TOKYO Sun Sep 9, 2012 10:12pm EDT

Japan's Prime Minister Yoshihiko Noda attends at a news conference at his official residence in Tokyo September 7, 2012. REUTERS/Issei Kato

Japan's Prime Minister Yoshihiko Noda attends at a news conference at his official residence in Tokyo September 7, 2012.

Credit: Reuters/Issei Kato

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TOKYO (Reuters) - Prime Minister Yoshihiko Noda has vowed to achieve 1 percent inflation in Japan within one year, as part of his pledges to become re-elected head of the ruling Democratic Party.

Noda will draw up plans to beat deflation and revitalize the economy. He also aims to carry out reforms to achieve a society without nuclear power generation, though he did not give any timeframe, according to his election pledges.

(Reporting by Shinji Kitamura; Writing by Kaori Kaneko)

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