Kuroda: BOJ’s easing having intended effect

FXStreet (Bali) - BOJ Governor Kuroda, speaking at the Economic Club of New York, in a speech titled 'Japan's Economy: Responding to Cautious Views', said that BOJ’s easing is having intended effect.

Additional headlines

Economy on path to achieve 2% inlfation

Expected continued economic recovery

Will make adjustments without hesitation if needed

Kuroda speaking in New york – comments from text of speech

Oct 9, 2014

Japan Machinery Orders (YoY) came in at -3.3%, above expectations (-5.1%) in September

BoJ Kuroda: Will continue to ease until price target reached

BOJ Governor Kuroda, speaking at the Economic Club of New York, said that there is almost no slack in Japan labor market, adding the old line that they will continue to ease until price stability target is reached.