Bank of Japan Governor Kuroda says CPI is moving around 0.5%

Author: Eamonn Sheridan | Category: Central Banks

BOJ head speaking

  • Japan's economy has been expanding moderately as a trend, though exports, output, business sentiment have been affected by overseas slowdown and natural disasters
  • Japan's economy likely to continue expanding moderately as a trend, though affected by overseas slowdown for time being
  • consumer inflation is moving around 0.5%
  • consumer inflation to accelerate gradually towards 2% on positive output gap and rises in inflation expectations while being affected by decline in oil prices for time being
  • Japan's financial system is maintaining stability
  • BOJ will maintain QQE with yield curve control for as long as needed to achieve 2% inflation in stable manner
  • BOJ will continue expanding monetary base until consumer inflation stably exceeds 2%
  • BOJ expects short-, long-term rates to remain at current or lower levels as long as necessary
  • Won't hesitate to take additional easing steps if risks grow that momentum towards achieving price target will be lost
Headlines via Reuters 

This one:
consumer inflation to accelerate gradually towards 2%
What is he smoking?

Bank of Japan Governor Kuroda

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