Kuroda said - the delay in reaching the 2% inflation target does not necessarily signal a delay in Abenomics, prices may move around zero for the time being but that doesn't run counter to the BOJs commitment to price goal, and sees no problem in BOJ communication with markets.
However, he expressly stated that there is no need to ease the policy further as the inflation expectations are rising on the whole from long-term perspective. Kuroda blamed sluggish consumption for the expected delay in achieving the inflation target.
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