Bank of Japan Deputy Governor Nakaso:

  • Japan price trend improving steadily
  • Japan inflation likely to hover around zero pct until summer, then pick up pace rather quickly
  • Expect CPI to reach 2 pct around first half of fiscal 2016
  • No change to BOJ's stance of adjusting policy if needed, looking at upside, downside risks to economy, prices
  • Exports slowing somewhat but expect slowdown to be temporary
  • Must watch carefully whether expected fed rate hike affects emerging economies through unexpected reversal of global fund flows