11 Jul 2013
BoJ´s Kuroda sees moderate recovery of Japanese economy
FXstreet.com (Barcelona) - Following the Bank of Japan´s monetary policy meeting, during which policy was kept unchanged, governor Haruhiko Kuroda said that Japan´s economy was clearly beginning to recover.
The BoJ head stated that GDP and inflation were growing generally in line with with April estimates. He assured that the 2% inflation target was achievable and that the central bank adopted adequate measures to reach it but more policy adjustments would be made if necessary. The 2% goal is expected to be attained in second half of forecast period.
As far as Japanese interest rates are concerned, Kuroda remarked that they could rise on worries about fiscal sustainability.
Kuroda also referred to the prospects of QE tapering by the US Federal Reserve, saying that financial markets are nervous about them but that an understanding the central bank´s policy is spreading.
The BoJ head stated that GDP and inflation were growing generally in line with with April estimates. He assured that the 2% inflation target was achievable and that the central bank adopted adequate measures to reach it but more policy adjustments would be made if necessary. The 2% goal is expected to be attained in second half of forecast period.
As far as Japanese interest rates are concerned, Kuroda remarked that they could rise on worries about fiscal sustainability.
Kuroda also referred to the prospects of QE tapering by the US Federal Reserve, saying that financial markets are nervous about them but that an understanding the central bank´s policy is spreading.