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MNI (Sydney)
TOKYO (MNI)

The Bank of Japan board will announce an examination into why Japan's prices remain weak. as the likelihood of achieving the central bank's 2% price target is receding, the Nikkei reported.

The announcement is expected at the BOJ's two-day policy-setting meeting on Friday, according to the report, which also said the bank is expected to extend the lending facilities which are due to expire on March 31 to a new expiry of September 30.

Earlier in the day, the government announced that the nationwide core CPI fell 0.9% y/y in November for the fourth straight month after -0.7% in October.

This is the biggest fall since August 2010 when the index fell 1.0%, and the core CPI fell 1.1% in September 2010.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
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