Japan government-BOJ accord won't specify time for reaching 2% price goal

Japan's government and the Bank of Japan will not specify a time for reaching a new 2 percent price target to be introduced in an accord. 

The agreement is likely to be issued at the central bank's next policy meeting.

The Mainichi Shimbun reported that the two sides are considering launching a goal to achieve stable employment. 

The introduction of an employment goal is based on Prime Minister Shinzo Abe's desire to clarify the bank's responsibility with regard to jobs. 

Mr Abe has described the bank's current inflation goal of 1 percent as insufficient, and is looking to double the price target.