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BOJ Kuroda - Still Some Distance to Achieving The 2 pct Inflation Target


Monday, 6 November 2017 09:04 WIB

BOJKuroda,


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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.

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.

Source : FX Street


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