BOJ's Iwata: Aim to achieve 2 pct inflation as soon as possible

KYOTO, Japan Wed Aug 28, 2013 2:50am EDT

KYOTO, Japan Aug 28 (Reuters) - Bank of Japan Deputy Governor Kikuo Iwata on Wednesday reiterated the central bank's goal of achieving 2 percent inflation as soon as possible with a two-year time frame in mind.

Iwata, in a speech to business leaders in Kyoto, western Japan, also said the BOJ will continue its quantitative easing until inflation stabilises at 2 percent.

The deputy governor also said that it take a long time for monetary policy to work, so in the meantime the government needs to support growth with fiscal spending.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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