BOJ's Kuroda - Central bank has not achieved 2 percent inflation target

Omkar Godbole FXStreet Contributor

Bank of Japan (BOJ) governor Kuroda, during his confirmation hearing in the Lower house, said the economy has improved a lot in the past five years, still the central bank has not achieved the 2 percent inflation target.

Key quotes (source: Reuters)

Deflationary mindset is key reason why price target of 2% is not yet achieved
It has become clear it will take some time to change public inflation expectations
Wage, prices are gradually rising and inflation expectations are turning up
Persistent monetary easing will help to achieve price target
Will put priority in hitting price target and will guide policy with utmost focus to achieve it

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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