BOJ may meet inflation target in 2023

The Bank of Japan may achieve its inflation target in 2023, as the cost of living has consistently exceeded market expectations this year, according to Takatoshi Ito, a contender to replace Gov. Haruhiko Kuroda was born in April.

Ito said during an online forum Monday that it was looking at the impact of the 2% price target as it approaches its 10th anniversary in January that it's been thinking that it might be possible to achieve the BOJ price target. Inflation is already spreading to a wide range of services and goods. Kuroda credited Ito for teaching him the significance of having a 2% target. Economists think the Columbia University professor will be a candidate to replace Kuroda or one of the deputy governors after the current top brass steps down in the spring.

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