Bank of Japan (BOJ) Governor Haruhiko Kuroda drinks water during a news conference at the BOJ headquarters in Tokyo on January 21, 2015. Two years into the so-called Abenomics, a mix of aggressive monetary and fiscal policy plus structural reform, the Bank of Japan is struggling to reach an ambitious inflation target and convince Japanese that years of deflation are in the past. On Wednesday, the Bank of Japan sharply cut its inflation forecast and Kuroda conceded it may take longer than expected to hit 2 percent inflation, underlining the challenges of meeting the target as oil prices continue to slump