BOJ's Kuroda: Global economic recovery being delayed by half a year more

Author: Justin Low | Category: Central Banks

BOJ governor, Haruhiko Kuroda, is still speaking

  • Progress in US-China trade talks is clearly good news
  • But US-China trade tensions aren't completely over yet
On the forward guidance, he notes that saying 'at least until spring 2020' wasn't long enough - so that is why they made the change.

If you need some reminding, at the start of last year, the BOJ said that they could meet their inflation target by fiscal year 2019. That said, I don't believe anybody bought that for a second anyway. So, it is pretty much just this (same as the headline comment):
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