BOJ governor Kuroda speaking in Tokyo - 26 Dec 2017
- Will patiently maintain powerful monetary easing
- Inflation remains weak despite economy's expansion, tightening job market
- Japan is no longer in deflation - which is defined as sustained price declines
- Global economy entering new phase, moderate growth likely to continue
- Japan economy is virtually at fully employment
- Long way to go to achieve price stability target
- Conditions for wages to rise falling into place as economy recovers
- Many Japanese firms are concerned that price rises mean fewer customers
Kuroda speaking at the Keindanren (Japan Business Federation). Nothing new from him, mainly reiterating his points from the BOJ meeting last week.
Long way to go (for price stability), guys.
