Japan Azumi: hope BOJ's 1 percent inflation target hit soon
07/11/2012| 09:29pm US/Eastern
Japanese Finance Minister Jun Azumi expressed hope on Thursday that the Bank of Japan will take measures to achieve its 1 percent inflation target at an early date.
"Japan will draw closer to exiting deflation if the BOJ offers financial support (to the economy) and tries to achieve its 1 percent inflation goal at an early date," Azumi told a parliamentary committee meeting.
The central bank is expected to keep monetary policy on hold at a policy meeting ending on Thursday, convinced that robust domestic demand will help the country's economy resume a recovery.
(Reporting by Leika Kihara; Editing by Michael Watson)