BoJ's Shirai: Japan to grow above potential in fiscal 2015

FXStreet (Bali) - BOJ board member Shirai, speaking to business leaders in Hiroshima, in a speech titled "Japan’s Economic Activity, Prices, and Monetary Policy”, said that Japan economy will grow at or below its potential in fiscal 2014, then grow above potential in fiscal 2015, fiscal 2016, Reuters reports.

Additional headlines - via Reuters

Says Japan’s economy continues to recover moderately

Consumption to move firm, capex and exports to increase ahead

Japan’s economy to grow above its potential through fiscal 2015 to fiscal 2016

“I cut my own cautious economic forecast for fiscal 2014 further, due largely to weakness in household spending”

My view is that Japan economy will grow at or below its potential in fiscal 2014, then grow above potential in fiscal 2015, fiscal 2016

I slightly cut my core CPI forecast for fiscal 2014 in October long-term review

Personally feel risks are tilted to downside for Japan’s economy, price outlook

Last month’s monetary easing was aimed at pre-empting risks to prices, showing the BOJ’s determination to hit its price target