We will ‘do our best’ to achieve 2% inflation target – BOJ Kuroda

FXStreet (Mumbai) - Bank of Japan (BOJ) Governor Kuroda spoke on the sidelines of an Asian Development Bank (ADB) meeting in the capital of Azerbaijan, saying that the timing of the price target of 2% had been pushed toward the first half of fiscal 2016, with falling oil prices and some other negative factors contributing to the delay.

Kuroda said central bank's policymakers will "do our best" on the country’s inflation target and he will not hesitate to adjust the BOJ's program if there is a delay in reaching its underlying price growth goals.

The four-day annual meeting of the ADB’s board of governors began on Saturday in Baku.