The Bank of Japan's (BOJ) goal of achieving a 2 percent inflation in two years is"flexible" and it is not necessary and appropriate to stick to the"exact 2 percent" every month and every year, BOJ governor said Thursday. "We think that the 2 percent inflation target could be achieved in two years and that is our expectation...how about after, we would like to attain our inflation level at around 2 percent,"BOJ governor Haruhiko Kuroda told the press.

Calling it a flexible inflation targeting policy, Kuroda said achieving the 2 percent inflation target is the objective of their monetary policy. "But at the same time, we are also monitoring other economy indicators, such as the employment situation and corporate situation etc.,"he said, indicating that a possible policy adjustment may be made depending on various factors.

According to Kuroda, BOJ's policy, like other central banks, is aimed at meeting domestic inflation target, and it is not aimed at depreciating or appreciating the currency. "At this moment the yen has depreciated, and usually when countries adopt monetary easing policies, the currency tend to depreciate, but it's just a tendency. And also if the economy shows very strong growth, the currency may be appreciated," Kuroda said, adding that "If we are successful in achieving the 2 percent inflation target, that would benefit global economy including Asian countries." Endi

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