TOKYO, Nov. 2 (Kyodo) - Bank of Japan Governor Masaru Hayami on Friday reiterated his reluctance over setting an inflation target at the present time as a measure to fend off deflation. "There's no past case (of setting an inflation target) amid deflation...It is instead for preventing inflation," Hayami told reporters as he emerged from a meeting of the Council on Economic and Fiscal Policy headed by Prime Minister Junichiro Koizumi. Hayami said the issue of inflation targeting came up at the meeting of the key government panel. His comments came after a ruling Liberal Democratic Party working group earlier Friday endorsed a proposed amendment to the Bank of Japan Law that includes a provision to set an inflation target.