BoJ’s Kuroda: Momentum for achieving 2% inflation is sustained

FXStreet Team FXStreet

More comments flowing in from the Bank of Japan (BoJ) Governor, as he continues to reiterate his stance on the economic and inflation outlook.

Inflation expectations are emerging from weakness but remain flat.

Momentum for achieving 2% inflation is sustained.

Improvement in output gap is steadily pushing up wages, prices.

There is a chance inflation expectations may not heighten smoothly even as companies raise wages, prices.

It may take considerable time for underlying price growth to lead to higher inflation expectations.

It is hard to make accurate forecasts about future economic developments.

Too much emphasis should not be placed on median BoJ forecasts.

Giving detailed, articulate explanation of price moves will lead to more appropriate communication to the public.

Author

FXStreet Team

FXStreet

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