An amendment to the Bank of Japan Law endorsed Friday by a Liberal Democratic Party working group includes a provision to set an inflation target, according to LDP officials.
The provision calls on the BOJ to consult with the government on setting a desirable price inflation target and present a time frame for achieving it, they said.
The amendment is designed to force the BOJ to ease monetary policy further and help lift Japan out of its deflationary state, according to the officials.
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