The Japanese government will consider revising next year a joint statement it signed with the Bank of Japan (BOJ) in 2013 that commits the central bank to meeting a 2% inflation target as soon as possible, sources told Reuters.
, if made, would be done after a new BOJ governor is appointed in April, they said, a move that may heighten the chance of a tweak to incumbent governor Haruhiko Kuroda's ultra-loose monetary policy.
"Given we'll have a new BOJ governor, there will likely be a new statement," one of the government officials said. "But there's no decision yet on what a new one could look like," the source said. A second official echoed that view. The statement also laid out the role the government would play, such as putting the country's finances on a sound footing, and undertaking deregulation and structural reforms to boost the economy's growth potential.
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