BOJ's Kuroda - Still some distance to achieving the 2 pct inflation target

Omkar Godbole FXStreet Contributor

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

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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