BOJ's Kuroda - Still some distance to achieving the 2 pct inflation target
|Bank of Japan (BOJ) Governor Kuroda stressed the need to keep the powerful monetary easing in place in order to achieve the 2 percent inflation target.
Key quotes (Source: Reuters)
- Expect Japan's economy to steadily move toward achieving 2 pct inflation
- BOJ will proceed with powerful monetary easing under yield curve control
- Japan's economy enjoying growth driven by well-balanced support from external, domestic demand
- Expect prices of processed goods, daily necessities to accelerate as private consumption increases gradually
- Expect inflation, wages to accelerate ahead and help heighten inflation expectations
- Japanese households becoming more accepting to price hikes, more retailers raising prices
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.