BOJ board member Shirai, speaking to business leaders in Hiroshima:
- Says Japan’s economy continues to recover moderately
- Consumption to move firm, capex and exports to increase ahead
- Japan’s economy to grow above its potential through fiscal 2015 to fiscal 2016
- “I cut my own cautious economic forecast for fiscal 2014 further, due largely to weakness in household spending”
- My view is that Japan economy will grow at or below its potential in fiscal 2014, then grow above potential in fiscal 2015, fiscal 2016
- I slightly cut my core CPI forecast for fiscal 2014 in October long-term review
- Personally feel risks are tilted to downside for Japan’s economy, price outlook
- Last month’s monetary easing was aimed at pre-empting risks to prices, showing the BOJ’s determination to hit its price target
Headlines via Reuters
