BoJ's inflation target unattainable, says Nomura
The yen is nearing the end of its weakening trend against the dollar, and the 2% inflation goal set by the Bank of Japan (BoJ) is unattainable, according to Geoffrey Kendrick, head of G-10 FX strategy at Nomura in London.
"It can't be done. We have had 0% inflation in Japan now for the best part of 20 years. Even in the second half of the 1980s, which we all think of as the boom time, inflation was only around a 1% average. To achieve inflation in Japan is extremely difficult. You have a whole
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