BOJ sees no need to change its policy framework of anchoring 2% inflation

FXStreet (Mumbai) - The latest headlines from the Bank of Japan (BOJ) state, the central bank sees no need to change its policy framework of anchoring 2% inflation based on total CPI, despite a suggestion that excluding energy prices might make for a better gauge.

The BOJ came out with this clarification after the Japanese economic minister Mr. Amari advised the BOJ to strip out the effect of the oil price decline when assessing the 2% price target earlier today.