BOJ's Motegi: Hope BOJ keeps doing utmost toward 2% price goal

Japan's Economy Minister Motegi on Tuesday said that he is hoping the Bank of Japan (BOJ) will continue to do its utmost toward achieving the 2 percent inflation target. 

The central bank has been running a massive stimulus program since April 2013. So far, however, the price goal has remained elusive, forcing many to question the need for inflation targeting.

Further, with impending sales tax hike, the probability of the BOJ hitting the inflation target any time soon is quite low.