Potential BoJ Governor Candidate Ito expects inflation to hit 2% in FY 2019

Potential BoJ Governor Candidate Takatoshi Ito is back on the wires now, via Reuters, elaborating on his thoughts on the bank’s2% price target.

Key Headlines:

Expect inflation to hit 2% in the fiscal year (FY) 2019.

BoJ may take a step toward policy normalization that year.

Full normalization may take several more years.