Japanese gov't minister: BoJ needs to drop 2% target

 Seiko Noda, Japan's Minister for Interal Affairs, spoke up today about the Bank of Japan's inflation target, claiming that it might be time for Japan's central bank to take a break from their easing efforts.

Key highlights

BoJ's action plan to hit 2% inflation target is 'desperate'.

BoJ, Kuroda should lower the 2% target.

Japan needs to stop its easing program from expanding any further.