TOKYO (Reuters) – Bank of Japan board member Goushi Kataoka said on Wednesday the central bank must lay out a strategy this month for achieving its price goal based on the assumption the COVID-19 pandemic would weigh on the economy and prices for a prolonged period.
“It’s hard now to foresee inflation powerfully heading towards our 2% target,” Kataoka said in in a speech delivered at an online meeting with business leaders in Gunma prefecture, eastern Japan.
(Reporting by Leika Kihara; Editing by Chang-Ran Kim)
