Odds appear to be against BOJ Kuroda achieving 2% inflation target - Nikkei

The Nikkei reports overnight headlines from an article that suggests that odds appear to be against Bank of Japan (BOJ) Governor Haruhiko Kuroda delivering on his 2% inflation target, with just a year remaining before his term expires.

Kuroda's term finishes in April 2018

Key Points:

The consumer price index, which excludes fresh food and the effect of the consumption tax hike, inched up 0.1% in January ... the first positive reading in 13 months and came despite retailers cutting prices

The slight CPI rise is attributable to the recent oil rally

A weaker yen also helped

However, both of these above mentioned effects are fading recently