BOJ's Kuroda says CPI likely to hit 2% target around FY 2018

Author: Mike Paterson | Category: Central Banks

BOJ governor Kuroda's press conference under way 31 Jan

  • economy continues moderate recovery
  • to grow above potential through FY 2018
  • upward revisions of GDP reflect o/s economies, weak yen
  • board members Sato, Kiuchi were against view that 2% target can be reached by FY 2018
  • BOJ will adjust policy if needed, blag blah
  • board members see greater downside risk to economy

Nothing of note as yet. No great surprises there either but downside risks comment ( not new) may be giving USDJPY  a little lift up through 113.50

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