BOJ’s Kuroda offers slightly brighter view on inflation

BOJ’s Kuroda offers slightly brighter view on inflation

© Reuters. Bank of Japan governor Haruhiko Kuroda speaks during a seminar at the International Monetary Fund - World Bank Group Annual Meeting 2018 in Nusa Dua, Bali© Reuters. Bank of Japan governor Haruhiko Kuroda speaks during a seminar at the International Monetary Fund – World Bank Group Annual Meeting 2018 in Nusa Dua, Bali

TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Thursday consumer inflation was “moving around 1 percent,” offering a brighter view on prices than he did three months ago.

“Japan’s economy is expected to continue expanding moderately,” Kuroda said in a speech to a quarterly meeting of the central bank’s regional branch managers.

“The BOJ will make necessary policy adjustments to sustain the economy’s momentum to achieve the price target … while looking at risks that warrant attention,” he said.

At his speech at the previous meeting three months ago, Kuroda had said inflation was moving around 0.5 to 1 percent.

Under a policy dubbed yield curve control, the BOJ guides short-term interest rates at minus 0.1 percent and the 10-year government bond yield around zero percent to achieve its 2 percent inflation target.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Source : Reuters Link

Related Post