NEW YORK Feb 28 The Bank of Japan must try
harder to convince the public it can spur faster price
increases, a Japanese central banker said in a speech that
acknowledged it could be some time before the institution
achieves its inflation goal.
"The Bank needs to increase its dialogue with the public to
promote understanding of the importance of the 2 percent
target," Sayuri Shirai, a member of the Bank of Japan's policy
board, said at a monetary policy conference on Friday.
She said it could take some time to get inflation to 2
percent. "It is possible that it may take even longer to achieve
a situation where the 2 percent target is maintained in a stable
manner," she said.