BOJ's Kuroda: Overall picture of Japan's inflation hasn't changed

Author: Justin Low | Category: Central Banks

Further comments by BOJ governor Haruhiko Kuroda

  • Momentum firmly in place for wages and prices to rise
  • Inflation expectations are largely flat but upward price momentum remains
  • Most concerned about risks from US-China trade dispute
  • Impact from US rate hikes remains as potential risk to EM
  • FX market remains relatively stable
  • Stock market volatility not having impact on global economy just yet
  • Will continue to watch developments closely
  • Japan's economic fundamentals remain solid
Kuroda touching more on inflation now but as mentioned in the preview here, it's very much his job to put up a calm and confident facade even if he doesn't believe in it. USD/JPY trickling a little lower now to 113.17 as the dollar moves a little lower. Nothing major so far from Kuroda and I don't expect the rest of his comments to stand out either.

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