Reuters: US Dollar Report: BOJ nominee Nakaso: can't promise to meet 2 pct inflation in 2 yrs

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BOJ nominee Nakaso: can't promise to meet 2 pct inflation in 2 yrs Mar 5th 2013, 03:17 TOKYO, March 5 | Mon Mar 4, 2013 10:17pm EST TOKYO, March 5 (Reuters) - Hiroshi Nakaso, the government's nominee for the next Bank of Japan deputy governor, said on Tuesday that he cannot promise to achieve a 2 percent inflation target within two years although he would do the utmost to meet the goal as early as possible. "It is hard to say that (it) can be achieved within two years for sure," Nakaso said in a confirmation hearing at the lower house of parliament, adding that prices could be affected by various factors. Prime Minister Shinzo Abe last week nominated Nakaso, who is currently a BOJ official that oversees the central bank's international operations, to be the new deputy governor of Japan's central bank in a push for more aggressive monetary easing to meet a 2 percent inflation target and end nearly two decades of deflation.

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