BOJ Kuroda: Japan to eye 2 percent inflation in latter half of FY2014

TOKYO Mon Feb 3, 2014 8:47pm EST

Haruhiko Kuroda, Governor of the Bank of Japan gestures during a session at the annual meeting of the World Economic Forum (WEF) in Davos January 24, 2014. REUTERS/Denis Balibouse

Haruhiko Kuroda, Governor of the Bank of Japan gestures during a session at the annual meeting of the World Economic Forum (WEF) in Davos January 24, 2014.

Credit: Reuters/Denis Balibouse

TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda on Tuesday stressed that the country will see 2 percent inflation around the latter half of fiscal 2014 through early fiscal 2015.

"Japan is making steady progress toward (achieving) 2 percent inflation," Kuroda told parliament.

The BOJ offered an intense burst of monetary stimulus in April last year, pledging to double base money via aggressive asset purchases to achieve 2 percent inflation in roughly two years in a country mired in deflation for 15 years.

(Reporting by Leika Kihara and Stanley White; Editing by)

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