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Japan finmin Aso: never said two percent price target could be scrapped

 Japan finmin Aso: never said two percent price target could be scrapped

TOKYO (Reuters) - Japanese Finance Minister Taro Aso said on Tuesday he did not mean to suggest that the central bank could ditch its 2 percent price target when he made a comment in parliament this month that Japan could be flexible in achieving the long-elusive goal.

"I never said we could retract the 2 percent inflation target," Aso told reporters when asked to explain the earlier comment. He added that simply accelerating prices to 2 percent was "not good" and that it was important for the government to examine the overall economic situation.

(Reporting by Tetsushi Kajimoto; Editing by Chang-Ran Kim)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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Updated Date: Mar 26, 2019 07:05:25 IST

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