BOJ’s Kuroda: Inflation won't rise sustainably, stably unless accompanied by wage hikes
|More comments flowing in from Bank of Japan Governor Haruhiko Kuroda, as he now sheds some light on the central bank’s inflation outlook.
Unless energy prices drop sharply, Japan's core CPI is likely to remain around 2% for about 12 months.
BOJ will continue to work closely with government, strive to achieve 2% inflation target.
Prices won't rise sustainably, stably unless accompanied by wage hikes.
Market reaction
USD/JPY is testing daily lows near 126.70, down 0.34% on the day. The move lower in the pair is mainly driven by the broad-based US dollar sell-off in Asia, as the Japanese authorities continue with their verbal intervention.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.