4 Jul 2013
Kuroda assertive on economy, inflation
FXstreet.com (Barcelona) - Bank of Japan Haruhiko Kuroda, who spoke at a quarterly meeting of the BOJ’s regional branch managers, affirmed the economy is on the right path for a steady recovery, with inflation expectations continuing to increase.
In his own words - translated from Japanese into English -, Kuroda said "Japan’s economy is steadily heading towards a recovery since we adopted our qualitative and quantitative monetary easing in April", adding that "we’re seeing the effect of our policies, such as indicators suggesting an increase in inflation expectations.”
As reported by Reuters: "His comments underscore the growing conviction within the BOJ that the economy is on track to meet the central bank's projection of a moderate recovery around mid-year." The BOJ may review its economic assessment when they meet next week, sources familiar with its thinking and cited by Reuters say, "on growing evidence that the weak yen and the government's reflationary policies are supporting exports and private consumption."
In his own words - translated from Japanese into English -, Kuroda said "Japan’s economy is steadily heading towards a recovery since we adopted our qualitative and quantitative monetary easing in April", adding that "we’re seeing the effect of our policies, such as indicators suggesting an increase in inflation expectations.”
As reported by Reuters: "His comments underscore the growing conviction within the BOJ that the economy is on track to meet the central bank's projection of a moderate recovery around mid-year." The BOJ may review its economic assessment when they meet next week, sources familiar with its thinking and cited by Reuters say, "on growing evidence that the weak yen and the government's reflationary policies are supporting exports and private consumption."